Philippine-listed casino operator Bloomberry Resorts Corp. has secured PHP73.5 billion ($1.4 billion) in syndicated loans to finance its future projects.

In a regulatory filing, Bloomberry announced that it inked a syndicated loan agreement with at least seven Philippine-based financial institutions through its subsidiaries Bloomberry Resorts & Hotels Inc. (BRHI) and Sureste Properties Inc. (SPI).

The banks include BDO Unibank Inc., BDO Private Bank, Inc., China Banking Corporation, Philippine National Bank, PNB Savings Bank, Robinsons Bank Corporation and United Coconut Planters Bank. BDO Capital and Investment Corp. was tapped as the lead arranger and sole bookrunner for the transaction while China Bank Capital will serve as the co-arranger.

BRHI will serve as the borrower and mortgagor, while SPI will act as the mortgagor, pledger, and surety based on the agreement, according to Bloomberry.