Barefoot Investor: Genting Hong Kong signs US$600 million credit facility

Barefoot Investor: Genting Hong Kong signs US$600 million credit facility - (Source: The Star Online)

Genting Hong Kong signs US$600 million credit facility - (Source: The Star Online)

Genting Hong Kong Ltd has completed the signing ceremony for its US dollar denominated seven-year floating rate term loan and revolving credit facility of US$600mil.

Genting Hong Kong believes this was an opportune time to undertake such a refinancing exercise given attractive terms and pricing, as well as, to strengthen its key banking relationships within the region.

The facility was secured against the company's eight-vessel Asian fleet. Net proceeds from the facility would be used to pay down existing indebtedness and for general corporate purposes.

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