Sands’ China Unit Said to Increase Loan by $200 Million to $3.7 Billion

Date:2011-09-07lile  Text Size:

Las Vegas Sands Corp.’s China unit, the casino operator 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. (1928) 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.

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