{"id":777010640,"date":"2023-10-27T06:57:42","date_gmt":"2023-10-27T09:57:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010640"},"modified":"2026-04-22T16:45:09","modified_gmt":"2026-04-22T19:45:09","slug":"nagacorp-says-it-has-enough-to-repay-2024-notes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nagacorp-says-it-has-enough-to-repay-2024-notes","title":{"rendered":"NagaCorp says it has enough to repay 2024 notes"},"content":{"rendered":"\n<p>The company has agreed a US$80m loan.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Cambodia.- NagaCorp has insisted that it has enough funds to repay its 2024 notes. In a company filing it said that a US$80m loan agreement with a trust under the control of the Chen family <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/nagacorp-secures-us80m-loan-to-refinance-debt\" target=\"_blank\">announced on October 17<\/a> together with unaudited cash and bank balances amounting to US$324m on the same date would provide enough funds. <\/p>\n\n\n\n<p>Moody\u2019s Investors Service had <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/moodys-downgrades-nagacorp-corporate-family-rating-to-b3\" target=\"_blank\">downgraded NagaCorp\u2019s corporate family rating to \u2018B3\u2019<\/a>\u00a0from \u2018B2\u2019 due to concerns about refinancing the US$472m bond set to mature in July 2024. However, analysts suggested that as the \u201crefinancing overhang gets removed,\u201d the company\u2019s stock will recover.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has agreed a US$80m loan.<\/p>\n","protected":false},"author":176,"featured_media":18779,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"NagaCorp has secured a US$80m loan from a Chen family trust, asserting that this, combined with existing cash balances, provides sufficient liquidity to repay its US$472m notes maturing in July 2024. This announcement follows Moody's downgrade of NagaCorp's corporate family rating due to refinancing concerns, with analysts now anticipating stock recovery as the debt overhang is addressed.","focusai_entities":"NagaCorp, Moody's Investors Service, Chen family","focusai_location":"Cambodia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Refinancing Impact","query":"What are the long-term implications of this intra-group loan structure on NagaCorp's future capital market access and cost of debt?"},{"label":"Credit Rating Outlook","query":"How might Moody's reassess NagaCorp's corporate family rating given the confirmed liquidity for the 2024 notes, and what are the triggers for an upgrade?"}],"footnotes":""},"categories":[163,16333],"tags":[2336],"class_list":["post-777010640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-nagacorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777010640"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010640\/revisions"}],"predecessor-version":[{"id":777041068,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010640\/revisions\/777041068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18779"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}