Bank of China contributes to SGD 2.27 billion syndicated lending facility to Resorts World at Sentosa Pte. Ltd. for debt refinancing related to the Resorts World Sentosa construction project (linked to Record ID#99058)

Project narrative

On April 30 2015, a group of 19 banks -- including Bank of China and ICBC -- reached financial close on a SGD 2.27 billion syndicated lending facility to Resorts World at Sentosa Pte. Ltd. Proceeds from the facility will be used to refinance previous facilities obtained by the company in 2008 that were previously refinanced in 2011 (captured via Record ID#99056) in connection with the construction, development, and operation of the Resorts World Sentosa integrated resort in Sentosa Island, Singapore. The refinanced facility consists of a SGD 1.75 billion term loan, a SGD 500 million revolving credit facility, and a SGD 20 million banker's guarantee facility. Other lending details are unknown. Participants in the facility include original mandated lead arrangers and bookrunners DBS Bank, HSBC, OCBC, SMBC, and BTMU. Mandated lead arrangers are Bank of China, CIMB, and Maybank. Lead arrangers are Bangkok Bank, BNP Paribas, Credit Agricole, Hong Leong Financing, Mizuho Bank, RHB Bank, and Standard Chartered Bank. Arrangers are Bank of East Asia, National Australia Bank, and Scotiabank. ICBC served as lead manager. Bank of China's contribution is captured via Record ID#99057. ICBC's contribution is captured via Record ID#99058. Resorts World Sentosa opened in February 2010 on Singapore's Sentosa Island, off the city-state's southern coast. The integrated resort includes a casino, Universal Studios Singapore, a waterpark, an aquarium, and a multitude of hotels and other attractions.