Oasis Atlantico Update May 2020

Oasis have been significantly hit by the closure of their hotels over the recent Covid-19 crisis, and in doing that they have been coming to agreements with a number of their creditors to delay interest and capital repayments. However, they have taken the decision to prioritise Bondholders, and will be organising the payment of the latest quarter of interest payments in the next few days. Clearly matters in the hospitality industry will be developing over time, and the Oasis management team are working hard to adapt every week. We are expecting a communication from them more formally in the not too distant future.