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KUALA LUMPUR: Genting Malaysia’s affiliate Casino operator Empire Resorts Inc, based in the state of New York, plans to issue RM2.02bil (US$475mil) senior secured notes due 2025.
The company will use the note proceeds to repay existing bridge loans, fund its debt service reserve account, and boost liquidity, according to statements issued by S&P Global Ratings and Fitch Ratings.
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