By Gaurav Raghuvanshi
SINGAPORE--Genting Singapore PLC (G13.SG) said Wednesday its unit Resorts World at Sentosa Pte. Ltd. will voluntarily pre-pay its entire S$680 million (US$502.5 million) loan outstanding.
The loan, part of the casino resorts operator's S$2.27 billion syndicated senior secured credit facilities, will be repaid from its internal cash resources, the company said in a stock-exchange announcement.
The repayment "will allow the group to improve its capital efficiency," it said, adding that its total borrowings will be reduced to S$253 million from S$933 million currently.
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