Dalata Hotel Group has agreed an amendment to the group's debt facilities agreement, which would give it greater access to liquidity in a worst case scenario.
The company has now reopened 42 of its hotels in the Republic of Ireland, Northern Ireland and England to the public. Two final hotels, the Clayton Hotel Cardiff and the Maldron Hotel Belfast International Airport are expected to reopen on 11 July and 1 August respectively.
At the end of June 2020, the company said it had cash resources of €103 million and further undrawn committed debt facilities of €72 million.
The undrawn committed debt facilities have increased to €111 million as a result of the increase in the RCF.
Dermot Crowley, Deputy Chief Executive of Business Development & Finance said the revised agreement provides "additional flexibility" to support the company as the business recovers from the impact of the Covid-19 pandemic.