Ashurst advises AddGuests on debt refinancing

Ashurst advised AddGuests, and Redbridge Debt & Treasury Advisory advised on the debt aspects of the refinancing for AddGuests. The transaction replaces several existing credit lines and combines a €10 million unitranche provided by the Social Impact Fund of Sienna Investment Managers with a €5 million revolving bank credit line provided by French banks. The Sienna financing is a five‑year facility, provided by an Article 9 SFDR‑classified fund of €112 million, and marks the fund's first participation in a unitranche structure. The Sienna financing carries social performance objectives relating to the proportion of employees with disabilities at AddGuests and to employee training. Under the incentive mechanism, the interest rate may vary by up to 25 basis points depending on the attainment of those targets. Those indicators were defined following a social audit conducted by Grenel Stratégie & Management. The refinancing strengthens AddGuests' financial structure and supports its organic and external growth across the European outdoor accommodation segment, notably following the acquisition of Bungalow Bunker in early 2023. Ashurst represented AddGuests with a team composed by: Eric Fiszelson (partner, finance), Audrey Lesage (counsel, finance), Louis Regnard (associate, finance), Elsa Decourt (counsel, corporate) in Paris, and Maxime Nuyts (associate, finance) in Brussels. Redbridge Debt & Treasury Advisory advised AddGuests on the debt aspects of the refinancing.

Ashurst advises AddGuests on debt refinancing

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