The new facility has a five-year tenure with two one-year extension options to be exercised in 2019 and 2020. It replaces the undrawn EUR1.8 billion facility signed in June 2014 that had been reduced to EUR1.2 billion following the completion of the AccorInvest disposal.
This facility aims to reinforce AccorHotels liquidity and increase the average maturity of its financial resources.
AccorHotels’ current sustainability performance has been assessed by Sustainalytics, one of the leading providers of ESG research and ratings to investors globally. The resulting score will be used as the benchmark against which performance improvements will be assessed.