Bloomberry Resorts raises $126m from top-up

Bloomberry Resorts Corp, the Philippine leisure and entertainment group, raised $126 million from an accelerated top-up placement on Monday night.

The owner and operator of Solaire Resort Casino, sold 345 million shares at P13 per unit, an 8.3% discount to the November 10 closing price under the leads of CLSA and UBS.

It initially sought to sell 346 million shares between P13 to P13.30 per share, representing a 6.2% to 8.3% discount to the November 10 close of P14.18 per unit, according to a term sheet seen by FinanceAsia. The base deal was $100 million, with an additional upsize option of 173 million shares...