Thursday 28 Mar 2024
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KUALA LUMPUR (April 4): Genting Bhd shares fell 2.59% in early trade today after its indirect wholly-owned subsidiaries Resorts World Las Vegas LLC and RWLV Capital Inc had on Tuesday (April 2) priced their US$1 billion (about RM4.0815 billion) 4.625% senior notes to finance the construction of the Resorts World Las Vegas casino and integrated resort.

At 9.10am, Genting fell 18 sen to RM6.77 with 550,000 shares traded.

The 10-year notes due in 2029 are expected to be listed on the Official List of the Singapore Exchange Securities Trading Ltd.

The net proceeds will be used to fund the remaining costs associated with the design, development, construction, equipping, financing and opening of the Resorts World Las Vegas casino and integrated resort, including all furniture, fixtures and equipment therein or attached thereto, and related amenities, all to be located in Clark County, Nevada, pay transaction fees and expenses associated with the offering and the senior secured credit facilities, and for working capital and other general corporate purposes.

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