Genting Bhd said its wholly owned Resorts World Las Vegas unit had priced an offering of $1 billion senior notes, which will be used to finance the remaining costs related to the construction of the resort.
The ten-year notes have a coupon of 4.625 percent, payable on a semi-annual basis.
S&P Global Ratings has assigned a preliminary issue rating of BBB+ to the Notes, whilst Fitch Ratings, Ltd has assigned an expected rating of A-(EXP).
Concurrently with the notes issue, Resorts World Las Vegas will enter into $1.6 billion in senior secured credit facilities, including a $400 million term loan and a $1.2 billion revolving credit facility.
The notes were only offered and sold in the U.S. to qualified institutional buyers, the company said in a statement to Bursa Malaysia.