Crown reports refinancing agreement

14 Aug 2008

AUSTRALIA -- As reported by the Australian: "James Packer's Crown Ltd yesterday announced that it had completed a $1.01 billion refinancing agreement in a move to extend the maturity profile of its debt finance portfolio.

"In a brief statement to the Australian Securities Exchange, Crown said: 'Proceeds of the new debt facilities will be used to pay down Crown's existing $2.15 billion syndicated loan facility.'

"The facility matures in 2010.

"...The new debt facility was structured in three tranches, with the bulk -- $600 million - syndicated among 11 Australian and international banks on a five-year term at an interest rate of 5.5 per cent.

"A $200 million bilateral loan facility was struck with the National Australia Bank on a five-year term at interest of 5.13 per cent..."

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	Crown reports refinancing agreement 14 Aug 2008 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> AUSTRALIA -- As reported by the Australian: "James Packer's Crown Ltd yesterday announced that it had completed a $1.01 billion refinancing agreement in a move to extend the maturity profile of its debt finance portfolio. "In a brief statement to the Australian Securities Exchange, Crown said: 'Proceeds of the new debt facilities will be used to pay down Crown's existing $2.15 billion syndicated loan facility.' "The facility matures in 2010. "...The new debt facility was structured in three tranches, with the bulk -- $600 million - syndicated among 11 Australian and international banks on a five-year term at an interest rate of 5.5 per cent. "A $200 million bilateral loan facility was struck with the National Australia Bank on a five-year term at interest of 5.13 per cent..."