MM Triton Malta Finance plc has published a prospectus in connection with the admissibility to listing of a new €45 million secured bond issue on the Official List of the Malta Stock Exchange.

The issuer is the finance arm of MM Triton Holdco Limited (the guarantor), a company incorporated in England and Wales with Winston J. Zahra and Demeter Peter Kovacs as Board Directors.

Through separate subsidiaries, the guarantor is set to own and operate two UK hotels in Marlow and Reading, subject to the completion of acquisitions linked to a share purchase agreement signed in December 2025.

Founded in 2021, Millemont Capital Partners is a private equity real estate investment platform focused on acquiring and managing sustainable hospitality assets, targeting both income-generating lifestyle hotels in prime locations and value-add opportunities requiring repositioning to deliver strong risk-adjusted returns.

The firm has acquired five hotels to date and aims to expand its portfolio by ten additional properties over the next three years, while prioritising sustainability and carbon reduction across its assets. Backed initially by UK-based family office investors and additional strategic capital, including interest from Malta-based partners, Millemont deploys funds through transaction-specific UK entities regulated as Alternative Investment Funds.

In 2025, the group launched its Maltese arm, MM Malta, to raise financing through the Malta Stock Exchange, first via MM Star Malta Finance plc and now through MM Triton Malta Finance plc.

Key terms of the bond issue

According to the prospectus, the bonds will carry a fixed coupon of 5.50 per cent and will be issued at par (100 per cent), with a maturity date of 2nd April 2032.

Interest is scheduled to be paid annually on 2nd April, with the first interest payment due on 2nd April 2027. The minimum subscription amount is €2,000 nominal, and thereafter in multiples of €100.

The issuer expects the bonds to be admitted to listing on the Malta Stock Exchange on 13th April 2026.

Security and ranking

The bonds are described as the issuer’s direct, unconditional and secured obligations, and will be guaranteed by the guarantor, ranking pari passu among themselves.

Security is to be provided through collateral governed by English law, including:

• a first-ranking fixed charge by way of legal mortgage over the leasehold title to the Marlow hotel;
• a first-ranking fixed charge by way of legal mortgage over the leasehold title to the Reading hotel; and
• a debenture constituting a floating charge over the guarantor’s assets.

Use of proceeds

Net proceeds are estimated at €43.9 million after issue costs, and are intended to part-finance the two hotel acquisitions:

• €26.8 million towards the Marlow hotel; and
• €17.1 million towards the Reading hotel.

The full €45 million issue has been reserved for subscriptions via authorised financial intermediaries through placement agreements, as well as a direct public offer.