Radisson expects to get a further cash injection
Following the cash injection of €100m in the form of a subordinated shareholder loan that Radisson Hospitality AB (publ) ("Radisson" and, together with its subsidiaries, the "Group") received on June 4th, 2020, Radisson further expects to receive from its current shareholder, Aplite Holdings AB, an additional cash injection up to €100m in the form of a subordinated shareholder funding ("Additional Cash Injection") to cover the cash needs required for the Group's ongoing operations during the COVID-19 crisis. The Additional Cash Injection is intended to provide further support to the Group's financial position and to assist Radisson, together with its shareholder support, in securing the planned renewal of its RCF currently in place. The shareholder will also work together with Radisson's management team to improve the Group's business performance and cash flow control.
About Radisson Hotel Group
Radisson Hotel Group is one of the world's largest hotel groups with seven distinctive hotel brands, and more than 1,400 hotels in operation and under development around the world. Radisson Hotel Group portfolio includes Radisson Collection, Radisson Blu, Radisson, Radisson RED, Park Plaza, Park Inn by Radisson and Country Inn & Suites by Radisson.
Radisson Rewards is our global rewards program that delivers unique and personalized ways to create memorable moments that matter to our guests. Radisson Rewards offers exceptional loyalty benefits for our guests, meeting planners, travel agents and business partners.
Radisson Meetings places its guests and their needs at the heart of its offer and treats every meeting or event as more than just a date on the calendar. Radisson Meetings is built around three strong service commitments: Personal, Professional and Memorable, while delivering on the brilliant basics and our signature Yes I Can! service spirit and being 100% carbon neutral.
More than 95,000 global team members work for Radisson Hotel Group and at the hotels licensed to operate in its systems.
For more information, visit:
Or connect with us on: