Australia's Crown Resorts gets A$3.1b funding offer from Oaktree
Published Mon, Jun 14, 2021 · 11:47 PM
[BENGALURU] Australia's Crown Resorts said on Tuesday it had received a modified proposal from Oaktree Capital Group, with a provision for funding of A$3.1 billion (S$3.17 billion) for the casino operator to buyback its founder's stake.
The latest proposal from the private-equity firm consists of a A$2 billion private loan and a A$1.1 billion loan convertible into new shares to be issued by Crown, the company said in a statement.
Oaktree in April proposed providing A$3 billion for the buyback by Crown.
REUTERS
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