Travers Smith LLP has advised Riviera Travel (Riviera), backed by Silverfleet Capital (Silverfleet), on the refinancing of its debt facilities. The new five-year, £125 million unitranche facility is provided by H.I.G Capital and Triton Debt Investors.
Riviera Travel is a global travel brand specialising in escorted tours, cruises and solo holidays. Headquartered in the UK, it has been curating travel experiences for over 40 years. The company focuses on the over 60s market and has built an excellent reputation for quality, value for money and exceptional customer service.
Finance Partner Will Sheridan commented: "We are really pleased to have advised Riviera on this refinancing, which will enable Riviera to build on its impressive growth journey since the buyout with Silverfleet."
The Travers Smith team was led by Finance Partner Will Sheridan, Supported by Senior Counsel Fiona Swords, and Associate Amy Taggart.