HPS provides rescue loan to Hostelworld

By Silas Brown
22 Feb 2021

Online travel agency Hostelworld has signed a five year €30m secured loan facility with HPS Investment Partners, the asset manager headquartered in New York.

Hostelworld, which is listed on the Irish stock exchange, is from a sector which has had a rough pandemic. The company’s net bookings for last year were just a fifth of its 2019 figures, and in October it predicted that its revenues for 2020 would be in the ...

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