June 15 (Reuters) - Crown Resorts Ltd (CWN) : ASX ALERT-REVISED...

June 15 (Reuters) - Crown Resorts Ltd (CWN) :

• ASX ALERT-REVISED PROPOSAL FROM OAKTREE-CWN.AX
• REVISED OAKTREE PROPOSAL IS FOR A $3.1 BILLION FACILITY CONSISTING OF TWO TRANCHES
• OAKTREE PROPOSES THAT FACILITY WOULD BE USED TO FUND A SELECTIVE BUY BACK OF CPH'S SHAREHOLDING IN CROWN
• CROWN BOARD HAS NOT YET FORMED A VIEW ON MERITS OF REVISED OAKTREE PROPOSAL.
• CONVERTIBLE COMPONENT OF FACILITY WOULD GIVE OAKTREE ABILITY TO CONVERT $1.1 BILLION TRANCHE INTO NEW SHARES IN CROWN
• REVISED OAKTREE PROPOSAL CONSISTING OF $2 BILLION PRIVATE TERM LOAN
• REVISED OAKTREE PROPOSAL CONSISTING OF $1.1 BILLION LOAN CONVERTIBLE
• NEW SHARES WHICH WOULD BE ISSUED TO OAKTREE ON CONVERSION TO BE CAPPED SUCH THAT OAKTREE WOULD HOLD 9.99% OF CO'S SHARES ON ISSUE