Bloomberry Resorts secures P72B refinancing deal to strengthen financial stability and support operations.

Bloomberry Resorts Corp. has secured a P72 billion refinancing deal to replace older loans, enhancing financial stability. The new 10-year facility, with a 75 basis point lower interest spread, aims to reduce debt service and preserve cash for shareholder returns. This move supports Bloomberry's operations and expansion, particularly at Solaire Resort North. Despite a 37.5% decline in net income in the first half of the year, the company aims for improved financial performance.