Tuesday 23 April
EKR secures P40B loan for QC casino Feb 11, 2019 @ 18:55

Let’s get rolling: EKR secures P40B loan for QC casino

 

Bloomberry Resorts Corp. has tapped a P40 billion syndicated loan facility to bankroll the construction of its integrated resort in Quezon City.

In a stock exchange filing, Bloomberry said its subsidiaries Sureste Properties and Bloomberry Resorts and Hotels signed an 10-year omnibus loan and security agreement with various banks.

The lenders include Philippine National Bank, BDO Unibank, Metropolitan Bank & Trust Co., Union Bank of the Philippines, Bank of Commerce, China Banking Corp. and Robinsons Bank Corp.

BDO Capital & Investment Corp. was the lead arranger and sole bookrunner.

Proceeds from the loan will be to partially finance the development of Bloomberry’s second casino hub on a 15,676 square meter property in Vertis North. The QC casino will target the mass market.

Please follow and like us:

Tags: , , , , , ,

Related Stories
A wholly-owned unit of Bloomberry Resorts Corp. submitted a bid to purchase two parcels of
Enrique Razon-led Bloomberry Resorts & Hotels Inc. (BRHI) and Sureste Properties Inc. (SPI) signed a
Robinsons Bank Corp. Is mulling over the idea of an initial public offering in three
Bilyonaryo Lance Gokongwei says the family?s commitment to stay in the banking business is rock


 

Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.