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Davy Research

Dalata Hotel Group

Amended debt facility and trading update

Jul 10 2020, 07:15 IST/BST
Colin Grant
Company Report
5 page(s)

Sectors : Hotels

Companies : Dalata Hotel Group

Ratings and price correct at time of issue.

Dalata Hotel Group

Closing Price: 282c
RATING 09/09/14
OUTPERFORM
PREVIOUS RATING 03/09/14

UNDER REVIEW

Colin Grant

Analyst

DAVY VIEW

Dalata has announced that it has amended its debt facilities. This has changed its covenants until 2022 and increased its liquidity. We believe this removes any residual credit and liquidity risks in a worst case scenario. In addition, trading appears to be slightly better than expected.

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Jul 10 2020, 07:15 IST/BST

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Dalata Hotel Group

Amended debt facility and trading update

Dalata Hotel Group

RATING 09/09/14

UNDER REVIEW

Colin Grant

DAVY VIEW

Download full report with analyst certification and important disclosures