HONG KONG: Genting Hong Kong Ltd, the cruise operator has mandated Maybank Kim Eng to arrange the US$300mil term loan and revolving credit facility, which has a greenshoe option.
It said on Monday the roadshow was scheduled in Taipei on Jan 22, Singapore Jan 23, Hong Kong Jan. 25.
Upfront fees: MLAs, US$50m or above: 55bps, 265bps all-in
Lead arranger, US$30m-US$49m: 45bps, 263bps all-in
Arranger, US$15m-US$29m: 35bps, 260bps all-in
Blended average life: 3.6 years
UOP: General corporate funding, working capital, capex of cruises/shipyard operations businesses; excluding financing of gambling/gaming activities
Responses due Feb. 22
Information from people familiar with the matter, who are not authoriaed to speak publicly and asked not to be identified
NOTE: Genting HK has US$284.8mil outstanding from a US$600mil seven-year loan due August: Bloomberg data
It got a US$500mil six-year loan due 2022, deal pays L+225 margin: data - Bloomberg