Murano Global Investments signs lock-up agreement with noteholders holding 81% of outstanding notes

Reuters
Mar 10
Murano Global Investments signs lock-up agreement with noteholders holding 81% of outstanding notes

Murano Global Investments said it reached agreement with an ad hoc group holding more than 81% of its outstanding notes on key terms for a notes restructuring. The company also executed a lock-up agreement with the noteholder group to support implementation of the restructuring. Murano said the restructuring is intended to preserve liquidity amid operational and financial challenges at its Grand Island Cancun hotel. The term sheet and related materials were posted on www.murano.com.mx/en.

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