Deutsche Bank supports Blackstone on its acquisition of Crown Resorts Limited
Deutsche Bank is proud to have acted as Mandated Lead Arranger, Underwriter and Bookrunner on a 500 million Australian dollar Super Senior Revolving Facility to support funds managed or advised by Blackstone Inc. and its affiliates on the 8.9 billion Australian dollar acquisition of Crown Resorts Limited (Crown) by way of scheme of arrangement. This acquisition represents Blackstone’s largest transaction in the Asia Pacific region to-date.
Tim Eastwood, Head of Global Financing and Credit Trading for Australia, said: “We congratulate Blackstone on its successful acquisition of Crown. We are delighted to continue our longstanding partnership with Blackstone and we are pleased we could support them by providing financing, hedging and transaction banking on such a significant investment”.
Crown is one of Australia’s largest entertainment companies, owning and operating a suite of world-class integrated resorts. Its property portfolio includes award-winning resorts in Melbourne, Sydney and Perth.