General Announcement::RWS SECURES S$2.27 BILLION SYNDICATED SENIOR...
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General Announcement::RWS SECURES S$2.27 BILLION SYNDICATED SENIOR SECURED CREDIT FACILITIES FOR REFINANCING Issuer & SecuritiesIssuer/ Manager | GENTING SINGAPORE PLC |
Securities | GENTING SINGAPORE PLC - GB0043620292 - G13 |
Stapled Security | No |
Announcement Title | General Announcement |
Date & Time of Broadcast | 23-Mar-2015 21:51:12 |
Status | New |
Announcement Sub Title | RWS SECURES S$2.27 BILLION SYNDICATED SENIOR SECURED CREDIT FACILITIES FOR REFINANCING |
Announcement Reference | SG150323OTHRML4K |
Submitted By (Co./ Ind. Name) | Joscelyn Tan |
Designation | Company Secretary |
Description (Please provide a detailed description of the event in the box below) | Please see attached. |
Attachments GENS-23032015.pdf
Total size =13K
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23/03/2015
Genting Singapore PLC(Incorporated in the Isle of Man No. 003846V)
RWS SECURES S$2.27 BILLION SYNDICATED SENIOR SECURED CREDIT FACILITIES FOR REFINANCING
Genting Singapore PLC (the "Company") wishes to announce that Resorts World at Sentosa Pte. Ltd. ("RWS"), an indirect wholly-owned subsidiary of the Company, has executed a facility agreement for syndicated senior secured credit facilities of S$2.27 billion (the "New Facilities").
The New Facilities will be utilized primarily for refinancing RWS's existing facilities of
S$4.1925 billion obtained in 2011. The 5-year New Facilities comprise:
i. S$1,750 million syndicated term loan facility;
ii. S$500 million syndicated revolving credit facility; and
iii. S$20 million bank guarantee facility, provided by DBS Bank Ltd. and Oversea-Chinese
Banking Corporation Limited.
The New Facilities enable RWS to extend the tenure of its existing facilities to 2020 and also offer RWS better terms of repayment which enhances the Company's balance sheet strength and financial flexibility.
The New Facilities are fully underwritten by the original mandated lead arrangers and bookrunners, being The Bank of Tokyo-Mitsubishi UFJ, Ltd., DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Oversea-Chinese Banking Corporation Limited and Sumitomo Mitsui Banking Corporation.
For and on behalf of the Board
Joscelyn Tan
Company Secretary
23 March 2015
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