Bloomberry secures refinancing from banks

RAZON-LED Bloomberry Resorts Corp. (Bloomberry) disclosed on Tuesday that it had secured a P72-billion syndicated refinancing facility from a group of banks to bolster its operations and support the ramp-up of Solaire Resort North.

In a disclosure, Bloomberry said that subsidiaries Bloomberry Resorts and Hotels, Inc. (BRHI), as borrower, and Sureste Properties Inc. (SPI), as surety and third-party security provider, signed the syndicated refinancing facility with lenders BDO Unibank, Inc., Bank of the Philippine Islands (BPI), China Banking Corp., and Philippine National Bank (PNB).