Polestar advises a leading 500+ key 5-star hotel in Mumbai on INR 6,250 mn refinance
Polestar acted as Sole Advisor to a large Infrastructure group having presences across roads, hospitality and healthcare sector, to refinance its borrowing at hospitality asset structured through a Holdco debt.
Few highlights:
- The group had borrowed from a domestic lender for developing a 5-star hotel project based out of Mumbai
- Polestar acted as a Sole advisor to refinance the existing debt from domestic lender though a holding company structure in form of senior, secured NCDs from 2 prominent FPIs.
- Polestar completed the entire transaction within a timebound period of less than 60 days
