The facility for the firm is expected to close at the end of the month
Las Vegas Sands' China unit to upsize loan to us$ 3.7 billion
(Macau).- Las Vegas Sands's China unit, the casino operator expanding with resorts and casinos in Macau, is increasing a loan to us$ 3.7 billion from an original target of us$ 3.5 billion, according to a person familiar with the matter.
2011-09-07
Reading time 38 seg
(Macau).- Las Vegas Sands's China unit, the casino operator expanding with resorts and casinos in Macau, is increasing a loan to us$ 3.7 billion from an original target of us$ 3.5 billion, according to a person familiar with the matter.
The facility for Sands China is expected to close at the end of the month, said the person, who asked not to be identified because the details are private. About 10 % of the loan was sold in general syndication to around 16 banks, the person said.
Bank of America, Bank of China Macau, Barclays, BNP Paribas, Citigroup, Commerzbank, Credit Agricole, Credit Suisse Group, Goldman Sachs Group, Industrial & Commercial Bank of China Macau, ING Groep, Sumitomo Mitsui Financial Group, UBS and United Overseas Bank are the global coordinators on the underwritten facility, said the person.
Banco Nacional Ultramarino, Bank of Nova Scotia, DBS Bank, Oversea-Chinese Banking and Wing Lung Bank also joined as senior lenders, the person said.
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