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Weil Advises Goldman Sachs in $1.475B Financing for Tortuga Resorts’ Acquisition of Playa Resorts Holding

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Weil advised Goldman Sachs, as lead left arranger, administrative agent and lender, and the other joint lead arrangers and lenders in connection with a $1.4 billion senior secured term loan and $75 million revolving facility for Tortuga Resorts, a premier real estate and asset management platform focused on luxury beachfront hospitality across Mexico and the Caribbean, to finance the acquisition of the real estate portfolio of Playa Hotels & Resorts N.V., from Hyatt Hotels Corporation.

The Weil team was led by Banking & Finance partner Tom Hashagen and included Banking & Finance Co-Head Justin D. Lee and partner Meredith Mackey and associates Solomon Leung, Enrique Lopez Scherer, Nicole Reynolds, Ryan Miao, Emma Lynam and Casper Lu (Not Yet Admitted in New York); Real Estate Co-Head Thomas Henry, counsel David Neuhauser and associate Ilana Bier; International Tax Head Devon Bodoh, counsel Akash Mehta and associate Carlos Parra; Technology & IP Transactions partner Dennis Adams and associates Alexis Bello and Tomide Owolabi; consultant Annemargaret Connolly; Environmental partner Seth Kerschner; Mergers & Acquisitions partner Michelle Sargent and associate Amanda Kadish; and Executive Compensation & Benefits partner Sarah Downie.

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