HBX Group Announces Successful Closing of Debt Refinancing

March 27, 2025

London, 27th March 2025 – HBX Group International plc("HBX Group" or the "Group"), a leading independent B2B travel technology (“TravelTech”) marketplace, today announces the successful refinancing of all its outstanding debt with the completion of syndication of the Term Loan B facility. The transaction extends the maturities of the Group’s credit facilities to 2030 and 2032, enhancing the Group's financial flexibility.

The refinanced credit agreement includes the following facilities:

  • A €600 million Term Loan A facility maturing in 2030, priced at Euribor + 2.00%.
  • A €400 million multi-currency Revolving Credit Facility maturing in 2030, also priced at Euribor + 2.00%.
  • A €600 million Term Loan B facility maturing in 2032, priced at Euribor + 2.75%.

HBX Group has been assigned a Ba3 long-term Corporate Family Rating and a Ba3 rating for the €600 million senior secured Term Loan B due 2032 by Moody’s. The Group has also received a BB- rating for both the Group and the senior secured Term Loan B from S&P. Both agencies have assigned a stable outlook.

“We are delighted with the successful refinancing of our debt, which reflects the strong confidence the market has in our company,” said Brendan Brennan, HBX Group’s Chief Financial Officer. “With the funds raised from our IPO and the subsequent refinancing of our debt, we are now in a strong financial position to accelerate our growth strategy and continue to be an innovative force in the TravelTech industry.”

The Joint Lead Arrangers under the credit agreement are BBVA, Banco Santander, Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Intesa Sanpaolo, Morgan Stanley, and UBS. Deutsche Bank acted as Sole Physical Bookrunner for the Term Loan B syndication.

About HBX Group

HBX Group is a leading global B2B TravelTech company that owns and operates Hotelbeds, Bedsonline and Roiback, among other brands. We offer a network of interconnected travel tech products and services to partners such as Online Marketplaces, Tour Operators, Travel Advisers, Airlines and Loyalty Programmes, destinations and travel suppliers.

Our vision is to simplify the complex and fragmented travel industry through a combination of cloud-based technology solutions, curated data, and an extensive portfolio of products designed to maximise revenue. HBX Group is present in 170 countries and employs more than 3600 people around the globe. We are committed to making travel a force for good, creating a positive social and environmental impact.


More information:

www.hbxgroup.com

HBX Group Media Contact

Brunswick Group

hbx@brunswickgroup.com

Blanca Zayas – Head of Corporate Communications

bzayas@hbxgroup.com

M. +34 670 28 46 56


Investor Relations Contact

Isabel Green – Investor Relations Director

igreen@hbxgroup.com

M. +44 7826 910691

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