BOA Acquisition Adds $147.5M Convertible Note to Support Selina Merger

Selina Hospitality and BOA Acquisition today announced agreements for $147.5 million of 6% senior unsecured convertible notes due 2026. This additional financing is expected to close concurrently with the proposed business combination between Selina and BOA at an equity value of approximately $1.2 billion. 

Oppenheimer was placement agent, although the press release is unclear on whether Oppenheimer also provided the financing for the note.

As announced in December, the business combination would provide Selina with $285 million (assuming no redemptions) of gross transaction proceeds. Read more.

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