Melco generates $500m demand, still wants more

Bankers on a $1.4bn loan for Melco Crown Entertainment are still eyeing more banks to join the deal before closing syndication next week. But they have already managed to line up $500m of commitments from 11 banks, bringing the financing of the Macau casino company’s latest project near to a successful close.

  • 11 Jan 2013

The company had already agreed a big chunk of the financing it needed to build its latest casino in Macau when it closed an $825m bond in November. It is now only about 10 days away from completing the last piece of the financing.

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