Cap Hospitality <b> by</b> BANK OF AFRICA

Companies managing Classified Tourist Accommodation Establishments (EHTC) that meet the following criteria:

• The company has not undertaken renovations for more than 5 years, or in the context of expanding its establishment, or in the case of acquiring an EHTC that is out of business;
• The company must have at least 3 years of operational history (projects housed in newly created companies will be assessed on a case-by-case basis);
• The company must not be under conciliation, safeguard, judicial restructuring, or liquidation proceedings;
• The company must have a bank rating that does not correspond to the "Default Risk" class;
• The company and its shareholders (individual or corporate) must not have any downgraded debt starting from a pre-doubtful level with the Bank at the time of granting the Joint Credit;
• The company must have a debt ratio before setting up the Joint Credit that is less than or equal to 5.

Cap Hospitality is a Joint Credit (Bank Credit + Subordinated Debt), intended for financing the upgrading of eligible EHTCs within a limit of 100 million MAD, based on the following structure:

• Subordinated Debt "Junior Credit": Up to 1/3 of the Joint Credit;
• Bank Credit "Senior Credit": At least 2/3 of the Joint Credit.

The investment programs of eligible EHTCs must focus on:

• Renovation and extension works of the EHTC;
• Security and accessibility compliance works;
• Acquisition of new equipment, furniture, and materials;
• Acquisition of an EHTC that is out of business combined with a renovation program (with a ceiling of 30 million MAD);
• Implementation of an energy efficiency program within the EHTC.

1. Connect to the platform: www.smit.gov.ma/caphospitality
2. Fill out the forms and upload the required documents.
3. Once the request is reviewed by SMIT, an accessibility certificate is issued directly to BANK OF AFRICA to initiate the credit file review.
4. BANK OF AFRICA processes the joint credit request and proceeds with the agreement with the EHTC.