TOKYO (March 22): Resorts World Las Vegas LLC and its wholly owned subsidiary, RWLV Capital Inc, have mandated banks for a series of fixed-income investor meetings in Asia, the U.S. and Europe starting March 25.
* A USD-denominated 10-year benchmark private offering of 144A/Reg S guaranteed senior unsecured notes may follow, subject to market conditions
* Notes are expected to be rated BBB+ by S&P and A- by Fitch
* Two firms are indirect wholly owned subsidiaries of Genting Bhd
* Notes are expected to have the benefit of a change-of-control provision, a keepwell deed entered into with Genting Bhd, and a debt-service-funding agreement and change-order-funding agreement with Genting Overseas Holdings Ltd, a wholly owned subsidiary of Genting Bhd
* Information from a person familiar with the matter who isn’t authorized to speak publicly and asked not to be identified