Crown Casino has raised US$532m through its subordinated notes offer to fund its Burswood and Melbourne expansions in Australia.
The amount exceeded the $400m Crown said it was seeking to raise. The company issued 5.3 million notes at an issue price of $100 each. The notes were expected to commence trading on a deferred-settlement basis yesterday.
Crown has been undertaking a range of capital expenditure projects at its Crown Melbourne and Burswood hotel and casino complexes.