The Macau Metro Monitor, May 24, 2011
MONTHLY BREAKDOWN OF PASSENGER MOVEMENTS Changi Airport Group
Changi Airport handled 3.73MM passengers in April, a 13.7% increase compared to the same month in 2010.
LAS VEGAS SANDS UNIT SAID TO SEEK $3.525 BILLION LOAN FOR MACAU Bloomberg
According to a person familiar with the matter, LVS approached banks for a $3.525 BN loan for its assets in Macau. The five-year facility will pay interest and fees of 253bps+ LIBOR at the all-in level. Proceeds will be used for refinancing. VML U.S. Finance, a unit of the company, will borrow the funds while Venetian Macau Ltd. will guarantee the facility.
