Orbis pays back PLN 300 mln

Orbis, Polish unit of Accor, said on Wednesday that it had made an early payment of PLN 300 million on a loan it took out with lenders Pekao and Societe Generale. The payment was made with funds obtained in a June bond issue, the company said. The total value of the loan stood at PLN 480 million. Orbis hotels have been operating Accor's brands, such as: Sofitel, Novotel, Mercure and Ibis. The company recorded PLN 708 million consolidated revenues in 2014.