Huazhu Group Limited Announces Leverage Covenant Waiver for Existing Syndication Loan and Preliminary Results for Hotel Operations in the First Quarter of 2020
H World Group Limited - American Depositary Shares (HTHT)
Last h world group limited - american depositary shares earnings: 3/26 05:00 pm
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Source: GlobeNewswire
SHANGHAI, China, April 23, 2020 (GLOBE NEWSWIRE) -- Huazhu Group Limited (NASDAQ: HTHT) (“Huazhu”, “we” or “our”), a world-leading hotel group, today announced leverage covenant waiver for existing syndication loan and preliminary results for hotel operations in the first quarter ended March 31, 2020. Upon the completion of Deutsche Hospitality (“DH”) on January 2, 2020, we added 5 new hotel brands, including Steigenberger Hotels & Resorts, Maxx by Steigenberger, Jaz in the City, Intercity Hotel and Zleep Hotel. In this press release, we provide separate operating results for Legacy-Huazhu and Legacy-DH. Leverage Covenant Waiver for Existing Syndication LoanOn April 17, 2020, our syndication banks approved to release Huazhu from the original six-month-tested financial covenants for a period up to June 30, 2021, subject to the satisfaction of certain amended covenants. The 3-year syndication loan consists of USD500 million and EUR440 million, due in December 2022. The amended covena
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HTHT
Earnings
- 11/26/24 - Beat
HTHT
Sec Filings
- 11/26/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/7/24 - Form SC
- HTHT's page on the SEC website