By Jennifer Chiou
New York, Dec. 19 - Melco Crown (Philippines) Resorts Corp. indirect subsidiary MCE Leisure (Philippines) Corp. priced PHP 15 billion of 5% senior notes due 2019 at par on Thursday, according to a press release.
The roughly $340 million of notes was offered to limited investors via private placement within the Philippines.
Net proceeds are intended for capital expenditures, refinancing of debt and general corporate purpose.
Settlement is anticipated by Jan. 31.
Melco Crown (Philippines) Resorts is a subsidiary of Melco Crown Entertainment. It is currently developing City of Dreams Manila, a casino, hotel, retail and entertainment integrated resort in Manila.
| Issuer: | MCE Leisure (Philippines) Corp.
|
| Issue: | Senior notes
|
| Amount: | PHP 15 billion
|
| Maturity: | 2019
|
| Coupon: | 5%
|
| Price: | Par
|
| Yield: | 5%
|
| Pricing date: | Dec. 19
|
| Distribution: | Private placement
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
