Game over: Macau Legend closes HK$4bn financing

Macau 230px
By Rashmi Kumar
10 Apr 2014

Entertainment and gaming company Macau Legend Development signed its HK$4.221bn ($544m) on Tuesday, managing to raise funds to refinance existing debt and to develop its Macau Fisherman’s Wharf theme park project.

Industrial and Commercial Bank of China (Macau) was the sole bookrunner, lead arranger, facility and security agent of the five year term loan. It was priced at 250bp over Hibor. 

The deal's HK$1.324bn tranche will be used to repay an existing facility due at one of the borrower’s ...

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