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Cambodia’s NagaCorp plans notes offering, to begin roadshow Wednesday
By Marisa Wong
Morgantown, W.Va., April 30 – NagaCorp Ltd. announced it plans to conduct an international offering of notes (B) to institutional investors in Asia, Europe and the United States and will begin a series of roadshow presentations on or around May 2.
Credit Suisse and Morgan Stanley are the joint global coordinators, joint bookrunners and joint lead managers for the Regulation S offering.
The company intends to use the proceeds from the new notes to promote gaming business growth, particularly in its VIP gaming segment, and to refurbish hotel rooms in the Naga1 casino and hotel resort.
The hotel, gaming and leisure operator is based in Phnom Penh, Cambodia, with offices in Hong Kong.
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