Las Vegas Sands’ China Unit Said to Raise Loan to $3.7 Billion
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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. 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.