Research analysts covering Murano Global Investments.
Recent press releases and 8-K filings for MRNO.
Murano Global Investments Plc Reports Q3 2025 Financials Amidst Debt Defaults and Going Concern Doubts
MRNO
Debt Issuance
Profit Warning
New Projects/Investments
- Murano Global Investments Plc's trust vehicle failed to make the scheduled interest payment due on September 12, 2025, for its 2031 Notes, leading to an Event of Default, and substantial doubt exists about the Company's ability to continue as a going concern. The Group is actively pursuing a debt restructuring with lenders to address covenant breaches.
- For the nine-month period ended September 30, 2025, Fideicomiso Murano 2000 CIB/3001 reported a net loss of $191,452,196 Mexican pesos on revenue of $422,269,318 Mexican pesos.
- The Group has paused its Bitcoin treasury initiative to prioritize optimizing Mexican real estate assets and debt restructuring.
- Key hotel operational metrics for October and November 2025 showed an occupancy rate of 68% and 79%, respectively, with November's Revenue per Available Room (RevPar) at $179 USD.
Dec 30, 2025, 9:10 PM
Murano Global Investments PLC Updates on Debt Restructuring Efforts
MRNO
- Murano Global Investments PLC announced an update on the default of its coupon payment due September 12, 2025, for its US$300,000,000 aggregate principal amount of 11.000% Senior Secured Notes due 2031.
- The company has entered into non-disclosure agreements and is engaged in negotiations with an ad hoc group of noteholders who hold a significant majority of the outstanding Notes.
- Murano Global Investments PLC has presented its initial proposal for a consensual restructuring of the Notes.
- The company remains committed to negotiating a mutually acceptable solution, meeting operational obligations, and preserving liquidity.
Oct 15, 2025, 8:30 PM
Murano Global Investments Plc Defaults on Senior Notes Amid Liquidity Crisis and Pursues Debt Restructuring
MRNO
Debt Issuance
Board Change
CFO Change
- Murano Global Investments Plc reported a significant decline in cash and cash equivalents to $2,726,880 as of June 30, 2025, from $196,625,838 at December 31, 2024, with current liabilities exceeding current assets, leading to substantial doubt about its ability to continue as a going concern.
- On September 12, 2025, the Issuer Trust failed to make the scheduled interest payment for its US$300 million 11.00% Senior Secured Notes due 2031, and an Event of Default will occur if the payment is not made within the 30-day grace period ending October 12, 2025.
- The Group is actively pursuing a consensual, out-of-court debt restructuring solution and has initiated discussions with key stakeholders, including noteholders and other financial creditors.
- On September 4, 2025, the company announced corporate governance changes, including the resignation of four board members and the global CFO, and paused its Bitcoin Treasury initiative to prioritize real estate optimization and debt restructuring.
Sep 30, 2025, 8:30 PM
Murano Global Investments PLC Announces Default on Senior Secured Notes Payment and Restructuring Efforts
MRNO
Debt Issuance
Profit Warning
- Murano Global Investments PLC announced a default on its coupon payment due September 12, 2025, for its US$300,000,000 aggregate principal amount of 11.000% Senior Secured Notes due 2031.
- A 30-day grace period for the interest payment expires on October 12, 2025, after which an Event of Default will occur if the payment is not made.
- This decision was made to preserve liquidity amid continued liquidity and operational challenges, and the company is undertaking a comprehensive program to strengthen its structure and ensure long-term financial sustainability.
- The company is engaging with an ad hoc group of Noteholders (representing a significant majority) and other financial creditors to negotiate and implement a comprehensive, mutually acceptable, and out-of-court restructuring solution.
Sep 12, 2025, 8:45 PM
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