Louis XIII Holdings, the company that was formed early this year and is in the process of developing a highly exclusive boutique casino and hotel in Macau, has raised an additional $133.5 million towards the funding of the project through a combined sale of equity and zero-coupon convertible bonds.
The deal includes a share placement of about HK$735 million $94.6 million that was sold to investors through an accelerated bookbuild after the market closed on Thursday last week and a $38.7 million Hong Kong dollar-denominated CB that will be taken up by the Ontario Teachers’ Pension Plan. The OTPP also bought $130 million worth of CBs when the company...
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