Blackstone and Starwood To Acquire Extended Stay
In a new special report Xtract Research discusses the impact of the anticipated acquisition by Blackstone and Starwood on Extended Stay’s bonds. Q4 2020 hedge fund letters, conferences and more Xtract Research experts believe that there will not be sufficient restricted payment and secured debt capacity to support the acquisition, requiring each series of bonds to be refinanced. Extended Stay America To Be Acquired By Blackstone and StarwoodHighlights from the report include: Extended Stay will need enough restricted payments capacity under each series of Notes to pay the merger consideration ...