£200m facilities for GuocoLeisure unit

GLH Hotels, GuocoLeisure's wholly owned subsidiary in England, has executed an agreement with DBS Bank for the provision of £200 million (S$409 million) term and multi-currency revolving facilities. Part of the funds will go towards its intended full redemption of an outstanding £138 million in principal amount of the 2014 Debenture Stock and also for payment of accrued interest. The remainder will be used for general corporate funding and working capital requirements.

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