Sands wins over more lenders to $1.75bn Macau project loan

26 Nov 2009

Sands China, the Macau unit of Las Vegas Sands, has received four more commitments to its $1.75bn project financing, leaving it only $75m short of a fundraising target that will allow it to resume a stalled casino project.

OCBC, Banco Nacional Ultramarino and two other banks have joined the facility for Sands China subsidiary Venetian Orient, bringing the total amount raised to $1.675bn.

One banker close to the deal said he expected several other banks to join the deal by the end of this week.

Together ...

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