Ashurst Advises AddGuests on €15 Million Refinancing to Support European Growth

Ashurst and Redbridge Debt & Treasury Advisory participated in the transaction: Ashurst advised AddGuests on the refinancing, while Redbridge Debt & Treasury Advisory advised AddGuests on debt aspects. The transaction replaces several existing credit lines and comprises a €10 million unitranche financing provided by Sienna Investment Managers’ Impact Social Fund and a €5 million revolving bank credit facility granted by French banks. The Sienna financing has a five‑year maturity and is linked to social performance objectives concerning the proportion of employees with disabilities within AddGuests’ workforce and employee training. Under the incentive mechanism, the interest rate may vary by 25 basis points depending on the achievement of these targets. These performance indicators were defined following a social audit conducted by Grenel Stratégie & Management. The Impact Social Fund is classified as Article 9 under SFDR and is endowed with €112 million; this transaction represents its first unitranche investment. Advised by Redbridge on debt aspects, the refinancing strengthens AddGuests’ financial structure and supports its organic and external growth in the outdoor stays segment across Europe, following the acquisition of Bungalow Bunker in early 2023. Ashurst represented AddGuests with a team composed by: Eric Fiszelson (partner, Global Loans), Audrey Lesage (counsel, Global Loans), Louis Regnard (associate, Global Loans), Elsa Decourt (counsel, Corporate, Paris) and Maxime Nuyts (associate, Global Loans, Brussels). Redbridge Debt & Treasury Advisory represented AddGuests on debt aspects.

Ashurst Advises AddGuests on €15 Million Refinancing to Support European Growth

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