Shirdi Inn Group has raised debt financing
April 2023 — 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.
Our role in the transaction
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.
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