The Amended Facilities, comprising a $700 million term loan and a $100 million revolving credit facility, have a scheduled maturity date of October 16, 2027, and include certain terms which provide additional operational and financing flexibility to the Company relative to those contained in the Existing Facilities. The closing of the Amended Facilities represents a notable financing milestone for both the Company and its parent company Genting Berhad (“GENT”, and together with its affiliates, “Genting Group”). In connection with the closing of the Amended Facilities the Genting Group (a) made new equity contributions to the Company (the “Equity Contribution”), and (b) provided a subordinated shareholder loan in the principal amount of $300 million.

Upon closing of the Amended Facilities, the Company’s weighted average debt maturity was extended because the Amended Facilities effectively extend the maturities of the Existing Facilities from April 16, 2024 to October 16, 2027, and the Company’s Consolidated Total Net Leverage Ratio was reduced due to the satisfaction of the Equity Contribution.

“RWLV is a flagship asset of Genting Berhad and we want to thank all the new and existing lenders for their support towards a successful closing” said Dato’ Sri Tan Kong Han, GENT’s President and Chief Operating Officer and Executive Director. “The closing of our amended and extended credit facilities is a testament to the Company’s improving operational performance and the strong support from our parent company Genting Berhad”, said Scott Sibella, President of Resorts World Las Vegas.

A summary description of the Amended Facilities is available to bondholders on the Company’s Syndtrak website.