We advised eDreams ODIGEO on its senior secured high-yield notes offering and refinancing

Davis Polk advised eDreams ODIGEO in connection with its issuance of €375 million aggregate principal amount of 4.875% senior secured notes and the refinancing by eDreams ODIGEO and certain of its subsidiaries of their existing super senior credit facilities, comprising a €185 million super senior revolving credit facility and super senior bank guarantee facility. The proceeds from the notes offering will be used to redeem in full the outstanding €375 million 5.50% senior secured notes due 2027 of eDreams ODIGEO.

eDreams ODIGEO is a leading online e-commerce company focused on travel, with a presence in 44 markets. With 7.3 million subscription members and approximately 100 million daily user searches, it is one of the largest suppliers worldwide of flight mediation services. eDreams ODIGEO also supplies customers with non-flight mediation services, such as hotel bookings, dynamic packages, car rentals, vacation packages, travel insurance and other ancillary travel-related services and products.

The Davis Polk capital markets team included partner Reuven B. Young, counsel Maxim Van de moortel and associates Despoina Arslanidi and Shelby Young. The finance team included partners Nick Benham and Aaron Ferner and associates Joshua Bunn and Amanda Cheng. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided U.S. tax advice. All members of the Davis Polk team are based in the London office.

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