Resorts World Sentosa seeks S$2.25b of bank loans

GENTING Singapore's Resorts World Sentosa plans to raise S$2.25 billion of bank loans, Bloomberg reported, citing sources familiar with the deal.

The five-year syndicated deal will be split into a S$1.75 billion amortising term loan, a S$500 million revolving facility, and a S$20 million bank guarantee facility.

Proceeds will be used for refinancing and general corporate purposes.

Bank of Tokyo-Mitsubishi UFJ, DBS Bank, HSBC Bank, OCBC Bank and Sumitomo Mitsui Banking Corp are the lead arrangers and bookrunners for the deal. The roadshow will take place on March 5.