Former KPMG dealmaker turned publican Jon Adgemis has struck a $400 million refinancing deal with a consortium led by Deutsche Bank, saving his hotel empire from collapse but forcing him to sell a handful of assets to pay off heavy debts.
Mr Adgemis’ Public Hospitality Group signed the long-awaited agreement with his major lenders, Deutsche Bank, Gemi Investments and Archibald Capital, this week, people with direct knowledge of the matter said.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
