Term Loan B creates headroom for Holidaybreak
£30 million loan, part of £245 million refinancing
Headquartered in Cheshire, Holidaybreak is the leading provider of education-related residential activity trips in the UK. The company operates in a range of markets across Europe, from the UK market leader in residential trips for UK schools, PGL, to the fast-growing, design-led hostel chain, Meininger.
Following the sale of the non-core Eurocamp division, the company sought to refinance the existing debt and create a more simplified capital structure.