Slaughter and May, working as a team with Uría Menéndez, advised NH Hoteles, S.A. on its issue of EUR 250 million 4% senior unsecured convertible bonds, with the aggregate principal amount of the securities, the coupon rate and the conversion price determined following an accelerated book building exercise by Barclays Capital plc, BNP Paribas and Morgan Stanley & Co., International plc (acting as Joint Lead Managers) conducted on 31 October 2013. Application has been made for the convertible bonds to be admitted to the Open Market (Freiverkehr ) segment of the Frankfurt Stock Exchange.

CONTACTS

Financing: Mark Dwyer (partner), Sam Oliver (associate), Cristina del Rivero (associate)

Uría Menéndez: Capital Markets: Javier Redonet Sánchez del Campo (partner), Fernando Ramos de Lucas (associate); Financing: Juan Miguel Goenechea (partner), Manuel Echenique (partner)