KUALA LUMPUR: Genting International PLC (GIL), the foreign investment arm of Genting Bhd, has secured close to S$4.2 billion (RM9.6 billion) for its S$6 billion integrated resort in Singapore’s Sentosa Island. In an announcemment to the Stock Exchange of Singapore yesterday, GIL said the syndicated senior secured credit facilities obtained via its indirect wholly owned Resorts World at Sentosa Pte Ltd (RWS) comprised S$4 billion in loans, and a S$192.5 million banker’s guarantee scheme. DBS Bank, Oversea-Chinese Banking Corp, Hongkong and Shanghai Banking Corp, Royal Bank of Scotland, and Sumitomo Mitsui Banking Corp are the lead arrangers, underwriters and bookrunners for the facilities sponsored by GIL. “The facilities are not expected to have any material effect on the earnings per share and net tangible assets per share of the company (Genting International) and its subsidiaries for the current financial year,” GIL managing director Justin Tan Wah Joo said.
(The Edge 12-2-2008)
