March 17 (Reuters) - Red 5 Ltd RED.AX :
* SECURES COMMITMENT FOR A$175M IN DEBT FACILITIES & LAUNCHES FULLY UNDERWRITTEN A$60M ENTITLEMENT OFFER
* FUNDS RAISED FROM ENTITLEMENT OFFER TO BE APPLIED TO KOTH DEVELOPMENT
* ENTITLEMENT OFFER AT AN ISSUE PRICE OF A$0.16 PER SHARE