Bloomberry units raise P73B in syndicated loans
Enrique Razon-led Bloomberry Resorts & Hotels Inc. (BRHI) and Sureste Properties Inc. (SPI) signed a P73 billion syndicated loan with seven banks.
The facility will be used to refinance all existing loans of SPI and BRHI, both subsidiaries of Solaire casino operator Bloomberry Resorts Corp.
The lenders include BDO Unibank Inc., BDO Private Bank, China Banking Corp., Philippine National Bank, PNB Savings Bank, Robinsons Bank Corp., and United Coconut Planters Bank.
BDO Capital & Investment Corp. served as the lead arranger and sole book runner while China Bank Capital Corp. was the co-arranger.