Listed Companies

SkyCity rolls out $175m bond offer

Brent Melville
Fri, 30 Apr 2021

The Horizon Hotel at the NZICC.
Brent Melville
Fri, 30 Apr 2021
SkyCity Entertainment will offer up to $175 million in six-year fixed rate notes to institutional and retail investors to help wean it off its reliance on bank facilities.The dual-listed casino and hotels operator is aiming to raise an initial $125m through the offer, with over-subscriptions accepted up to an additional cap of $50m. That’s in line with reported drawn bank debt sitting at $175m out of total available lines of $628m. Taking into account US private placement notes of $324m, moves the total to $499m, against net ass...

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