Refinancing: USD 14,000,000.-
The Curacao Financial Group successfully restructured and refinanced the debt of a hotel in Suriname.
This branded hotel had some financial problems due to underperformance. With new management company stepping in, they were able to turn around the operation and financial performance of the hotel within 4 years. This hotel wanted to eliminate its expensive debt structure, and refinance it in one loan with a lower interest. This is the reason why they approached cfg, as cfg has the expertise and knowledge to help them with a tailored made solution with which they could approach banks for their refinancing.