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THE M3: APRIL CHANGI DATA; LVS LOAN

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.