Mexico City, June 2020.- Cannizzo, through its partner Carlo Cannizzo and the associates Vanessa Romero-Rocha and Emiliano Quiróz, advised Playa Hotels & Resorts in a financing transaction of USD$94 Million with affiliates of Davidson Kempner Capital Management LP.

Playa sold $20 million of its ordinary shares in a private transaction and entered into an Amended & Restated Credit Agreement with its senior secured credit facility lenders. Moreover, through another private transaction (exempted from registration pursuant to the Securities Act), Playa sold additionalUSD$20 million of its ordinary shares to affiliates of Davidson Kempner.

Cannizzo advised Playa on the closing of the transaction in Mexico, coordinating the various activities related to the execution of the credit agreement by the Mexican entities of Playa and the granting of various collateral to secure approximately USD$94 million. Furthermore, Cannizzo was in charge of managing the relation with Deutsche Bank NY and Deutsche Bank Mexico, previous creditor of Playa for an approximate amount of USD$1,100 million in connection to the new executed credit agreement and the collateral previously granted by Playa in favor of the original creditor.

About Playa Hotels & Resorts N.V.

Playa Hotels & Resorts N.V. is a leading owner, operator and developer of all-inclusive resorts in prime beachfront locations in popular vacation destinations in Mexico and the Caribbean. Playa owns and/or manages a total portfolio consisting of 21 resorts (7,914 rooms) located 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 and Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Dunn’s River Beach Resort, Jewel Grande Montego Bay Resort & Spa, Jewel Runaway Bay Beach & Golf Resort and Jewel Paradise Cove Beach Resort & Spa. In the Dominican Republic, Playa owns and manages the Hilton La Romana an All-Inclusive Family Resort and Hilton La Romana an All-Inclusive Adult Resort. Playa also owns four resorts in Mexico and the Dominican Republic that are managed by a third party and Playa manages the Sanctuary Cap Cana, in the Dominican Republic.