Melco’s $1.4bn loan oversubscribed, signing imminent
Bankers working on the $1.4bn loan for Melco Crown Entertainment have wrapped up the final stages of a successful syndication, lining up commitments of $620m from 16 banks and ensuring that the leads will now look to sell-down part of their holdings.
Five lenders were added to the syndicate over the last week, after the bookrunners had already managed to secure $500m of commitments from 11 banks.
Australia and New Zealand Banking Group, Bank of America Merrill Lynch, Bank of China, Citi, Crédit Agricole, Deutsche Bank, Industrial and Commercial Bank
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