Melia Hotels International has signed an €800m syndicated loan under a club deal structure, led by BBVA, CaixaBank and Banco Sabadell, as part of its balance sheet optimisation strategy. The transaction is aimed at reorganising the group’s financial liabilities without increasing net debt, improving both funding costs and the maturity profile of its obligations.
The proceeds have been fully allocated to the early repayment of 19 bilateral loans, which totalled €820.3m at the end of 2025. Through this refinancing, Meliá streamlines its debt structure, eliminating the dispersion of maturities that previously characterised its financing arrangements and consolidating them into a more coherent and manageable framework.
A key outcome of the operation is the extension of the group’s maturity schedule, with significant repayment commitments now pushed beyond 2030. This reduces refinancing pressure in the 2026–2029 period and aligns the amortisation calendar with the company’s projected cash flow generation and medium-term growth plans.
Chairman and CEO Gabriel Escarrer Jaume underlined that the enhanced financial flexibility will support both expansion initiatives and shareholder remuneration, while maintaining prudent leverage levels. With this refinancing, Meliá strengthens its financial stability and secures a funding structure designed to underpin its strategic roadmap through the end of the decade.
