Murano Global Investments (MRNO) has released an update.
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Murano Global Investments PLC has successfully closed a $300 million offering of 11% Senior Secured Notes due 2031, backed by revenues from its recently opened Grand Island Cancun hotel. This move marks Murano’s inaugural foray into the international capital markets and is a strategic effort to optimize its capital structure and reduce refinancing risks. The proceeds from the notes will be used for debt repayment, working capital, and completion costs for hotel projects, indicating a strong focus on financial stability and growth in the luxury hotel sector.
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