Mechanism consistency
Joint credit
1/3
Subordinated debt
Funded by
Debt fund managed by
2/3
Bank debt
Funded by
All normal interest expenses paid by the EHTC reimbursed by the State on a quarterly basis *.
Maximum 12 years of maturity
For an offer adapted to the needs of hoteliers and allowing them to reduce their cash outflows
Credit amount between 3 and 100 Mdhs
to guarantee a complete upgrade of the offering
Up to 2 years difference
to relieve the hotelier's cash flow
* The hotelier is responsible for repayment of the joint credit and any costs arising from failure to meet its commitments.
* Non-repayment of the joint credit means that the State stops repaying the normal interest generated by the joint credit.
NB: The ceiling for cumulative credits eligible for the support mechanism is set at 4 MMdhs.
based on the 25,000 rooms requiring upgrading and an average renovation package per category
Acceptance criteria for the support mechanism verified by smit
On the MATESS** list of EHTCs
No renovations for more than 5 years
Keep up to date with tax and social security obligations
Purpose of the investment :
1. Upgrading an EHTC
2. EHTC extension
3. Takeover of a discontinued EHTC with an upgrade program
4. Setting up an energy efficiency program
2. EHTC extension
3. Takeover of a discontinued EHTC with an upgrade program
4. Setting up an energy efficiency program
Bank-verified eligibility criteria for Joint Credit
Minimum 3 years in business
No declassified receivables
Ratings excluding default risk
No conciliation, safeguard, reorganization or judicial liquidation
Debt ration :
DCMLT / EBITDA <5
** Ministry of Tourism, Crafts, Social Economy and Solidarity
Solidaire
*** In the event of non-compliance with certain criteria, the Bank may
Tamwilcom/FM6i in order to confirm the eligibility of the
to confirm eligibility for the joint credit.
