Playa Inns & Resorts N.V. Announces Start of Public Offering of Standard Shares
FAIRFAX, Va., Jan. 6, 2021 /PRNewswire/ — Playa Inns & Resorts N.V. (NASDAQ: PLYA) (“Playa”) these days introduced that it experienced commenced an underwritten community offering of 35,000,000 of its Everyday Shares, consisting of 25,000,000 Regular Shares provided by Playa and 10,000,000 Normal Shares provided by a promoting shareholder. Playa and the marketing shareholder also plan to grant the underwriters an possibility to purchase up to an added 3,750,000 Regular Shares from Playa and up to an extra 1,499,000 Ordinary Shares from the selling shareholder, respectively.
Playa intends to use the web proceeds from the providing to repay the amount exceptional underneath its revolving credit facility and for standard corporate purposes. Playa will not receive any proceeds from the sale of Ordinary Shares by the promoting shareholder, a fund affiliated with Sagicor Team Jamaica Restricted.
Deutsche Financial institution Securities, BofA Securities, Citigroup and Nomura are acting as joint book-running administrators for the presenting.
The presenting of these securities is becoming produced pursuant to efficient shelf registration statements that Playa beforehand filed with the Securities and Exchange Fee. This providing will be made only by indicates of a prospectus supplement and the accompanying prospectuses. A duplicate of the preliminary prospectus complement and accompanying prospectuses relating to the offering and the last prospectus nutritional supplement, when out there, may perhaps be obtained by checking out EDGAR on the SEC’s web-site at www.sec.gov or by getting in touch with: Deutsche Lender Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, Phone: (800) 503-4611, E-mail: [email protected].
This press release shall not constitute an give to sell or the solicitation of an offer you to acquire, nor shall there be any sale of these securities in any state or jurisdiction in which these types of offer, solicitation, or sale would be illegal prior to registration or qualification below the securities guidelines of any this kind of condition or jurisdiction.
About Playa Motels & Resorts N.V.
Playa Resorts & Resorts N.V. is a major operator, operator and developer of all-inclusive resorts in prime beachfront places in popular trip destinations in Mexico and the Caribbean. Playa owns and/or manages a whole portfolio consisting of 21 resorts (8,172 rooms) positioned in Mexico, Jamaica and the Dominican Republic. In Mexico, Playa owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. In Jamaica, Playa owns and manages Hyatt Zilara Rose Hall, Hyatt Ziva Rose Corridor, Hilton Rose Hall Vacation resort & Spa, Jewel Grande Montego Bay Resort & Spa and Jewel Paradise Cove Seashore Resort & Spa. In the Dominican Republic, Playa owns and manages the Hilton La Romana, Hyatt Ziva Cap Cana and Hyatt Zilara Cap Cana. Playa also owns 4 resorts in Mexico and the Dominican Republic that are managed by a third celebration and Playa manages the Sanctuary Cap Cana, in the Dominican Republic.
Ahead-On the lookout Statements
This press release contains “forward-seeking statements,” as described by federal securities regulations. Ahead-on the lookout statements reflect Playa’s present-day expectations and projections about foreseeable future situations at the time, and consequently require uncertainty and hazard. The words “believe that,” “assume,” “anticipate,” “will,” “could,” “would,” “should really,” “may perhaps,” “system,” “estimate,” “intend,” “predict,” “likely,” “go on,” and the negatives of these words and phrases and other similar expressions normally detect ahead searching statements. These kinds of forward-on the lookout statements are subject matter to a variety of factors that could bring about genuine results or benefits to vary materially from those people indicated in these statements, which includes the hazards described underneath the sections entitled “Danger Factors” in Playa’s Yearly Report on Type 10-K, submitted with the SEC on February 27, 2020 and Quarterly Report on Form 10-Q, submitted with the SEC on November 4, 2020, as such variables could be updated from time to time in Playa’s periodic filings with the SEC, which are obtainable on the SEC’s website at www.sec.gov. These factors really should not be construed as exhaustive and need to be study in conjunction with the other cautionary statements that are bundled in this release and in Playa’s filings with the SEC. At present, a single of the most significant components that could lead to actual outcomes to differ materially from our forward-on the lookout statements is the adverse results of the latest COVID-19 pandemic on the economical situation, functioning results and hard cash flows of Playa, the airways that company the spots wherever Playa owns resorts, the short and for a longer time-phrase need for vacation, the world economy and the community economies in which Playa owns its resorts, and the monetary markets. While ahead-searching statements reflect Playa’s superior religion beliefs, they are not guarantees of upcoming performance. Playa disclaims any obligation to publicly update or revise any forward-on the lookout assertion to replicate improvements in underlying assumptions or components, new information, info or strategies, long run situations or other adjustments following the day of this push launch, other than as needed by relevant law. You really should not spot undue reliance on any ahead-wanting statements, which are based mostly only on data currently obtainable to Playa (or to 3rd functions producing the ahead-on the lookout statements).
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Source Playa Management United states of america, LLC
