CWN 0.25% $12.09 crown resorts limited

they did receive 1.34b last month which was after previous Melco...

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  1. 282 Posts.
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    they did receive 1.34b last month which was after previous Melco sale used to finance the share and note buy back so I assume yes.

    First 1.9 funded below but no commentary on where the next 1.36 will be allocated

    Proceeds from the Sale to Public will initially be used to reduce Crown Resorts' net debt position. Proceeds from the Sale to Public, together with the proceeds from the Sale to Melco1, will ultimately be used to reduce the Company’s net debt by approximately $800 million (as announced yesterday), fund a special distribution of approximately $600 million and enable a share buy-back of approximately $500 million (an increase of $100 million and $200 million respectively from the amounts announced yesterday). It is expected that subject to the completion of the Sale to Melco, the special distribution would be paid in the second quarter of calendar year 2017 and the buy-back would also commence around that time.
    Last edited by RCee: 29/06/17
 
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