Resorts World Sentosa bags new credit facilities worth $2.27b

To refinance existing loans.

Resorts World Sentosa has secured new credit facilities amounting to $2.27 billion, a release by Genting Singapore revealed.

The new facilities will be used to refinance RWS’ existing debt of $4.1925 billion which were obtained in 2011.

The 5-year new facilities are made up of $1.75b syndicated term loan facility, a $500 million syndicated revolving credit facility; and a $20m bank guarantee facility, provided by DBS and OCBC.

Genting noted that the new facilities will allow RWS to extend the tenure of its existing facilities to 2020 and also offer RWS better terms of repayment

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