Australian gaming and entertainment company Crown Resorts has raised 0 million to support a number of projects Down Under. According to Asia Gaming Brief, the sale of 6.3 million subordinated notes at 0 per note will be used for “general corporate purposes” including financing Crown Sydney, Crown Towers Perth and other projects.
Analyst Jon Mills of the website Intelligent Investor wrote that the sale took advantage of historically low interest rates and is “weighted in the company’s favor.”
