The firm said it had issued 5.3 million notes
Crown raises us$ 532 million to fund casino and hotel projects
(Australia).- James Packer's Crown Casino has raised us$ 532 million through its subordinated notes offer to fund its Burswood and Melbourne expansions. The amount exceeded the us$ 400 million Crown in August said it was seeking to raise.
2012-09-17
Reading time 21 seg
(Australia).- James Packer's Crown Casino has raised us$ 532 million through its subordinated notes offer to fund its Burswood and Melbourne expansions. The amount exceeded the us$ 400 million Crown in August said it was seeking to raise.
Crown said it had issued 5.3 million notes at an issue price of us$ 100 each. The notes are expected to commence trading on a deferred-settlement basis today.
Crown has been undertaking a range of capital expenditure projects at its Crown Melbourne and Burswood hotel and casino complexes.
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