Huazhu Group Limited Announces Leverage Covenant Waiver for Existing Syndication Loan and Preliminary Results for Hotel Operations in the First Quarter of 2020
H World Group Limited - American Depositary Shares (HTHT)
Last h world group limited - american depositary shares earnings: 3/26 05:00 pm
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ir.huazhu.com
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Source: GlobeNewswire
SHANGHAI, China, April 23, 2020 (GLOBE NEWSWIRE) -- Huazhu Group Limited (NASDAQ: HTHT) (“Huazhu”, “we” or “our”), a world-leading hotel group, today announced leverage covenant waiver for existing syndication loan and preliminary results for hotel operations in the first quarter ended March 31, 2020. Upon the completion of Deutsche Hospitality (“DH”) on January 2, 2020, we added 5 new hotel brands, including Steigenberger Hotels & Resorts, Maxx by Steigenberger, Jaz in the City, Intercity Hotel and Zleep Hotel. In this press release, we provide separate operating results for Legacy-Huazhu and Legacy-DH. Leverage Covenant Waiver for Existing Syndication LoanOn April 17, 2020, our syndication banks approved to release Huazhu from the original six-month-tested financial covenants for a period up to June 30, 2021, subject to the satisfaction of certain amended covenants. The 3-year syndication loan consists of USD500 million and EUR440 million, due in December 2022. The amended covena
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News
- H World Group Limited (NASDAQ: HTHT) is now covered by analysts at CLSA. They set a "buy" rating and a $47.00 price target on the stock.MarketBeat
- H World Group Limited (NASDAQ: HTHT) is now covered by analysts at Macquarie. They set an "outperform" rating and a $48.00 price target on the stock.MarketBeat
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- H World Group Limited Announces Put Right Notification for 3.00% Convertible Senior Notes due 2026GlobeNewswire
- H World Group Limited (NASDAQ: HTHT) had its price target raised by analysts at JPMorgan Chase & Co. from $40.00 to $45.00. They now have an "overweight" rating on the stock.MarketBeat
HTHT
Earnings
- 3/20/24 - Miss
HTHT
Sec Filings
- 4/24/24 - Form 6-K
- 4/23/24 - Form 20-F
- 4/1/24 - Form SC
- HTHT's page on the SEC website