Playa Lodges & Resorts N.V. Announces Pricing of Community Supplying of Common Shares

Playa Resorts & Resorts N.V. Announces Pricing of Community Presenting of Ordinary Shares FAIRFAX, Va.,…

Playa Resorts & Resorts N.V. Announces Pricing of Community Presenting of Ordinary Shares

FAIRFAX, Va., Jan. 6, 2021 /PRNewswire/ — Playa Lodges & Resorts N.V. (NASDAQ: PLYA) (“Playa”) today announced the pricing of an underwritten public presenting of 35,000,000 of its Regular Shares, consisting of 25,000,000 Common Shares supplied by Playa and 10,000,000 Everyday Shares offered by a offering shareholder, at a community presenting value of $5.00 for each share. The featuring is predicted to result in gross proceeds to Playa of somewhere around $125. million (assuming no exercise of the underwriters’ choice to buy 3,750,000 Normal Shares from Playa). The giving is envisioned to shut on January 11, 2021, matter to customary closing conditions.



Playa intends to use the internet proceeds from the offering to repay the volume excellent under its revolving credit history facility and for standard corporate needs. Playa will not get any proceeds from the sale of Normal Shares by the providing shareholder, a fund affiliated with Sagicor Group Jamaica Confined. 

Deutsche Financial institution Securities, BofA Securities, Citigroup and Nomura are performing as joint guide-operating administrators for the offering.

The presenting of these securities is being created pursuant to effective shelf registration statements that Playa formerly submitted with the Securities and Trade Commission. This featuring will be designed only by means of a prospectus supplement and the accompanying prospectuses. A duplicate of the preliminary prospectus supplement and accompanying prospectuses relating to the presenting and the final prospectus nutritional supplement, when readily available, may possibly be received by browsing EDGAR on the SEC’s internet site at www.sec.gov or by contacting: Deutsche Lender Securities Inc., Notice: Prospectus Team, 60 Wall Avenue, New York, NY 10005-2836, Telephone: (800) 503-4611, Electronic mail: [email protected]  

This press launch shall not constitute an offer you to provide or the solicitation of an offer to acquire, nor shall there be any sale of these securities in any point out or jurisdiction in which such supply, solicitation, or sale would be illegal prior to registration or qualification beneath the securities legislation of any this kind of condition or jurisdiction.

About Playa Inns & Resorts N.V.
Playa Resorts & Resorts N.V. is a major owner, operator and developer of all-inclusive resorts in prime beachfront spots in well known holiday destinations in Mexico and the Caribbean. Playa owns and/or manages a complete portfolio consisting of 21 resorts (8,172 rooms) located 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 Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Vacation 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 3rd occasion and Playa manages the Sanctuary Cap Cana, in the Dominican Republic.  

Ahead-Searching Statements
This press release incorporates “forward-on the lookout statements,” as defined by federal securities guidelines. Ahead-wanting statements reflect Playa’s recent expectations and projections about future gatherings at the time, and as a result require uncertainty and threat. The words “consider,” “expect,” “foresee,” “will,” “could,” “would,” “should really,” “may perhaps,” “strategy,” “estimate,” “intend,” “predict,” “likely,” “go on,” and the negatives of these terms and other related expressions usually recognize forward looking statements. These kinds of ahead-hunting statements are matter to several variables that could trigger precise outcomes or success to differ materially from people indicated in these statements, like the risks described underneath the sections entitled “Possibility Elements” in Playa’s Yearly Report on Form 10-K, filed with the SEC on February 27, 2020 and Quarterly Report on Kind 10-Q, submitted with the SEC on November 4, 2020, as these kinds of elements may perhaps be up-to-date from time to time in Playa’s periodic filings with the SEC, which are obtainable on the SEC’s web page at www.sec.gov.  These elements should not be construed as exhaustive and ought to be go through in conjunction with the other cautionary statements that are integrated in this launch and in Playa’s filings with the SEC.  At this time, one particular of the most substantial elements that could lead to precise results to vary materially from our ahead-seeking statements is the adverse consequences of the existing COVID-19 pandemic on the fiscal affliction, running effects and income flows of Playa, the airlines that provider the places the place Playa owns resorts, the quick and for a longer time-term desire for vacation, the global economy and the local economies exactly where Playa owns its resorts, and the money markets.  Even though ahead-on the lookout statements mirror Playa’s great faith beliefs, they are not guarantees of long run efficiency. Playa disclaims any obligation to publicly update or revise any ahead-on the lookout statement to reflect adjustments in fundamental assumptions or components, new information, information or solutions, long term events or other adjustments immediately after the date of this push launch, other than as essential by applicable legislation. You really should not put undue reliance on any ahead-seeking statements, which are centered only on information presently offered to Playa (or to 3rd functions generating the forward-hunting statements).


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Source Playa Management Usa, LLC