CWN LLC

News: Crown plans $400M debt raising

  1. FNN News
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    13/08/12
    10:28
    Post #: 10559599
    .

    Crown Limited (ASX:CWN) is planning to offer subordinated notes to raise $400 million to support its growth plans and premium commercial developments.



    The casino operator recently inked an exclusive deal with Lend Lease Group (ASX:LLC) to develop a six star hotel resort at Barangaroo South.



    Crown reported a 53 per cent rise in its full year net profit last week, largely due to a winning streak against its high rollers.



    Crown generated a full year net profit of $513.3 million.
    CWN Price at posting: $8.59 Sentiment: None Disclosure: Held
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