Melco generates $500m loan demand, eyes more

Bankers working on a $1.4bn loan for Melco Crown Entertainment are still looking for two or three 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.

  • 09 Jan 2013

The company had already secured 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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