Genting HK markets US$300m four year loan, Maybank KE to arrange

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.

Margin: L+250

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


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