Genting Is Said to Fund Take-Private Via Loan, Medium-Term Bond

Genting Bhd. plans to fund the take-private of its Malaysian unit with about $1.7 billion via a loan and medium-term bond, according to people with knowledge of the matter.

Barclays Plc, Citigroup Inc. and Deutsche Bank AG are providing a $1 billion loan to help finance the transaction, the people said, asking not to be identified because the process is private. Genting will also raise 3 billion ringgit ($710 million) via a medium-term note underwritten by Affin Bank Bhd., AMMB Holdings Bhd. and Mizuho Financial Group Inc., the people said.

Deliberations are ongoing and details of the ...