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Bloomberry secures refinancing for P72-B loan
The Philippine Star
|October 16, 2024
Tycoon Enrique Razon Jr.'s casino and resort developer has obtained a 10-year refinancing for the P72-billion loan of its subsidiary, allowing it to wait for rate cuts to manage debt service.
Bloomberry Resorts Corp. subsidiary Bloomberry Resorts and Hotels Inc. (BRHI) is refinancing its P72-billion loan with a syndicate of banks to prepare for the long game debt-wise.
The facility, signed by the parties yesterday at Solaire Resort, replaces the existing P73.5-billion loan obtained in 2018 and the additional P20 billion borrowing made in 2020.
Dit verhaal komt uit de October 16, 2024-editie van The Philippine Star.
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