Selina Secures $147.5 Million Convertible Note Financing in Connection with its Planned Business Combination with BOA Acquisition Corp.

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Apr 25, 2022

Selina Hospitality PLC (“Selina”), the fast-growing lifestyle and experiential hospitality brand targeting Millennial and Gen Z travelers, and BOA Acquisition Corp. (NYSE: BOAS), a publicly-traded special purpose acquisition company, today announced that Selina has entered into agreements for a $147.5 million of 6% senior unsecured convertible notes due 2026. This additional financing is expected to close concurrently with the proposed business combination with BOAS and allow Selina to realize its multi-year business plan.