SkyCity Agrees to Extension of NZ$465 Million of Debt via USPP, Revolving Credit Facility

MT Newswires Live08-19

SkyCity Entertainment Group (ASX:SKC, NZE:SKC) has agreed to extend NZ$465 million of debt facilities across three, four and seven-year maturities via a US private placement (USPP) and its syndicated revolving credit facility, according to a Monday filing to the Australian bourse.

The USPP is for $150 million and the syndicated revolving credit facility NZ$218 million. As a result, the gambling and entertainment company will have no debt maturing before its retail bonds are due in May 2027 the filing stated.

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