← News Wed Dec 3, 2014 - 10:19 am - 0 comments

Sagicor X Fund To Raise US$40m For Hilton Rose Hall Purchase


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
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