Dominican Republic's Metro Country Club postpones $150 million notes

By Christine Van Dusen

Atlanta, Aug. 16 - Dominican Republic-based Metro Country Club has postponed a planned issue of $150 million seven-year notes, a market source said.

Bank of America Merrill Lynch was the bookrunner for the Rule 144A and Regulation S deal.

The proceeds were to be used to refinance debt, to complete developments, to acquire land for future projects and to fund transaction accounts.

Metro Country Club is a Juan Dolio, Dominican Republic-based residential resort property developer.

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