eDreams Boosts Capital Through Secured Notes Issuance and Credit Facility
Deal News | Jul 08, 2025 | Proskauer Rose (UK) LLP
Proskauer, an esteemed international law firm, has effectively advised on the financing undertaken by eDreams ODIGEO, a prominent global travel subscription leader. The advisory involved the issuance of €375 million in senior secured notes and a €185 million super senior revolving credit facility, collectively aimed at refinancing eDreams' existing debt. With its headquarters in Spain, eDreams stands as one of the largest mediators for flight and non-flight travel services including hotel bookings, car rentals, and travel insurance. The legal team comprised specialists from Proskauer's Capital Markets and Global Finance divisions, underlining Proskauer’s reputation for handling complex international transactions with precise expertise. This move not only reflects a robust financial restructuring strategy but also underscores the significance of high-yield financing in global travel e-commerce.
Sectors
- Travel and Leisure
- Financial Services
- Legal Services
Geography
- Spain – eDreams ODIGEO is headquartered in Spain, marking a geographical significance for the transaction.
- United Kingdom – Proskauer's advisory role is facilitated through its UK office, suggesting key legal operations occurring in the UK.
Industry
- Travel and Leisure – eDreams ODIGEO operates within the travel and leisure industry, offering flight and non-flight services and travel-related products.
- Financial Services – The article discusses the financial transaction involving the issuance of high-yield notes and credit facilities, typical of the financial services industry.
- Legal Services – Proskauer's role as a legal advisor highlights the involvement of the legal services sector in complex financial transactions.
Financials
- €375 million – The value of the senior secured notes issued by eDreams.
- €185 million – The value of the super senior revolving credit facility secured by eDreams.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| eDreams ODIGEO | Target | Company | A global leader in travel subscription services and e-commerce, headquartered in Spain. |
| Proskauer Rose (UK) LLP | Legal Advisor | Company | An international law firm providing extensive advisory services across multiple sectors, known for its expertise in complex transactions. |
| Jake Keaveny | Lead Partner | Person | Partner at Proskauer who led the team advising on eDreams' financing. |