Bloomberg News

Las Vegas Sands’ China Unit Said to Upsize Loan to $3.7 Billion

September 06, 2011

Sept. 6 (Bloomberg) -- Las Vegas Sands Corp.’s China unit, the casino operater expanding with resorts and casinos in Macau, is increasing a loan to $3.7 billion from an original target of $3.5 billion, according to a person familiar with the matter.

The facility for Sands China Ltd. 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 percent of the loan was sold in general syndication to around 16 banks, the person said.

Bank of America Corp., Bank of China Macau, Barclays Plc, BNP Paribas SA, Citigroup Inc, Commerzbank AG, Credit Agricole SA, Credit Suisse Group AG, Goldman Sachs Group Inc, Industrial & Commercial Bank of China Macau Ltd., ING Groep NV, Sumitomo Mitsui Financial Group Inc., UBS AG and United Overseas Bank Ltd. are the global coordinators on the underwritten facility, said the person.

Banco Nacional Ultramarino SA, Bank of Nova Scotia, DBS Bank Ltd., Oversea-Chinese Banking Corp. and Wing Lung Bank also joined as senior lenders, the person said.

To contact the reporter on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus