Sagicor Real Estate X Fund Limited is seeking debt financing of $4.5 billion to fund its acquisition of the Hilton Rose Hall hotel, which it struck a deal to buy in October from private equity firm Blackstone Group.
Sagicor X Fund’s board signed off on the pending debt issue last Thursday, which the company said should be completed by year end.
On Monday, chief executive officer of X Fund, Rohan Miller, said that details on the debt placement would become available when the transaction closes around the final week of December.
Published in the Gleaner
Read Full Article →