Playa Resorts & Resorts N.V. Announces Launch of General public Offering of Common Shares

Playa Motels & Resorts N.V. Announces Launch of Public Featuring of Normal Shares FAIRFAX, Va.,

Playa Motels & Resorts N.V. Announces Launch of Public Featuring of Normal Shares

FAIRFAX, Va., Jan. 6, 2021 /PRNewswire/ — Playa Inns & Resorts N.V. (NASDAQ: PLYA) (“Playa”) these days announced that it experienced commenced an underwritten public giving of 35,000,000 of its Common Shares, consisting of 25,000,000 Normal Shares provided by Playa and 10,000,000 Standard Shares available by a providing shareholder. Playa and the marketing shareholder also program to grant the underwriters an alternative to obtain up to an additional 3,750,000 Everyday Shares from Playa and up to an extra 1,499,000 Common Shares from the offering shareholder, respectively.

Playa intends to use the web proceeds from the giving to repay the amount of money superb below its revolving credit facility and for general corporate reasons. Playa will not acquire any proceeds from the sale of Everyday Shares by the promoting shareholder, a fund affiliated with Sagicor Group Jamaica Confined. 

Deutsche Financial institution Securities, BofA Securities, Citigroup and Nomura are acting as joint e book-working administrators for the featuring.

The featuring of these securities is remaining made pursuant to efficient shelf registration statements that Playa formerly filed with the Securities and Exchange Commission. This featuring will be built only by signifies of a prospectus nutritional supplement and the accompanying prospectuses. A duplicate of the preliminary prospectus supplement and accompanying prospectuses relating to the presenting and the closing prospectus complement, when offered, may well be received by visiting EDGAR on the SEC’s site at www.sec.gov or by making contact with: Deutsche Bank Securities Inc., Awareness: Prospectus Group, 60 Wall Avenue, New York, NY 10005-2836, Telephone: (800) 503-4611, Electronic mail: [email protected]

This press launch shall not constitute an give to provide or the solicitation of an give to invest in, nor shall there be any sale of these securities in any state or jurisdiction in which these types of give, solicitation, or sale would be unlawful prior to registration or qualification less than the securities regulations of any this kind of point out or jurisdiction.

About Playa Lodges & Resorts N.V.
Playa Hotels & Resorts N.V. is a primary operator, operator and developer of all-inclusive resorts in prime beachfront destinations in well known vacation places in Mexico and the Caribbean. Playa owns and/or manages a full portfolio consisting of 21 resorts (8,172 rooms) situated in Mexico, Jamaica and the Dominican Republic. In Mexico, Playa owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen, Hyatt Ziva Puerto Vallarta and Hyatt Ziva Los Cabos. In Jamaica, Playa owns and manages Hyatt Zilara Rose Hall, Hyatt Ziva Rose Corridor, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Vacation resort & Spa and Jewel Paradise Cove Beach Resort & Spa. In the Dominican Republic, Playa owns and manages the Hilton La Romana, Hyatt Ziva Cap Cana and Hyatt Zilara Cap Cana. Playa also owns 4 resorts in Mexico and the Dominican Republic that are managed by a third bash and Playa manages the Sanctuary Cap Cana, in the Dominican Republic.  

Forward-Looking Statements
This press launch incorporates “forward-searching statements,” as described by federal securities legislation. Forward-wanting statements reflect Playa’s present-day expectations and projections about long run functions at the time, and therefore include uncertainty and risk. The words and phrases “consider,” “expect,” “foresee,” “will,” “could,” “would,” “need to,” “may perhaps,” “program,” “estimate,” “intend,” “predict,” “probable,” “carry on,” and the negatives of these text and other very similar expressions typically identify forward looking statements. This sort of forward-searching statements are subject to several components that could lead to true results or final results to differ materially from those people indicated in these statements, together with the risks described under the sections entitled “Possibility Things” in Playa’s Annual Report on Type 10-K, filed with the SEC on February 27, 2020 and Quarterly Report on Variety 10-Q, filed with the SEC on November 4, 2020, as this sort of aspects may perhaps be up to date from time to time in Playa’s periodic filings with the SEC, which are available on the SEC’s web site at www.sec.gov.  These components need to not be construed as exhaustive and ought to be browse in conjunction with the other cautionary statements that are bundled in this launch and in Playa’s filings with the SEC.  Currently, just one of the most considerable things that could cause true results to differ materially from our ahead-seeking statements is the adverse effects of the present COVID-19 pandemic on the fiscal issue, operating success and money flows of Playa, the airways that assistance the areas wherever Playa owns resorts, the limited and for a longer time-expression need for journey, the world wide economic climate and the local economies where by Playa owns its resorts, and the economical markets.  When forward-searching statements reflect Playa’s fantastic religion beliefs, they are not ensures of potential overall performance. Playa disclaims any obligation to publicly update or revise any ahead-hunting assertion to reflect alterations in fundamental assumptions or things, new details, knowledge or solutions, long term events or other improvements soon after the day of this press release, other than as expected by relevant regulation. You should not place undue reliance on any forward-on the lookout statements, which are based mostly only on data at this time out there to Playa (or to 3rd parties building the ahead-on the lookout statements).

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