Bloomberry Resorts raises $126m from top-up

The owner and operator of Solaire Resort & Casino sold shares at the bottom of the initial range.

Bloomberry Resorts Corp, the Philippine leisure and entertainment group, raised $126 million from an accelerated top-up placement on Monday night.

The owner and operator of Solaire Resort Casino, sold 345 million shares at P13 per unit, an 8.3% discount to the November 10 closing price under the leads of CLSA and UBS.

It initially sought to sell 346 million shares between P13 to P13.30 per share, representing a 6.2% to 8.3% discount to the November 10 close of P14.18 per unit, according to a term sheet seen by FinanceAsia. The base deal was $100 million, with an additional upsize option of 173 million shares...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222