Shirdi Inn Group has raised debt financing
The Shirdi Inn Group has raised US$6.25 million in debt financing.
The Shirdi Inn Group is a reputed hotel group based in Western India that is engaged in the business of owning, operating and managing multiple hotels and resorts. Currently, the company is running two hotels in Pune and Shirdi in Maharashtra, India. Facing tough industry conditions, the company had reached a one time settlement (OTS) with lenders.
Oaklin’s team in India worked with the company on realigning inter-company transactions, coming up with a robust structure facilitating the consolidation of debt at operating companies with commensurate cash flows in a door-to-door period of 30 days. The lender underwrote growing hospitality business cash flows and provided sound collateral backing, while taking advantage of a curated solution matching its business’ cash flow profile as a promoter.
Talk to the deal team
Related deals
Sun European Partners has secured financing to support its acquisition of B&H Worldwide
Sun European Partners has raised debt facilities to support its acquisition of B&H Worldwide.
Learn moreKaviari has received a minority investment from idiCo
Kaviari has received a minority investment from a pool of investors led by idiCo, alongside Bpifrance, IRD Invest and UI Investissement.
Learn moreAWC has acquired a significant minority stake in MyFitness
AWC AS, the investment company of the Norwegian family office Awilhelmsen, has acquired a 22.2% stake in MyFitness AS, the largest fitness club operator in the Baltics, becoming the MyFitness’ largest single shareholder.
Learn more