Melco Crown Entertainment (MPEL) is reportedly due to sign a $1.4B five-year syndicated bank...

|About: Melco Crown Entertainment... (MPEL)|By:, SA News Editor

Melco Crown Entertainment (MPEL) is reportedly due to sign a $1.4B five-year syndicated bank loan on Friday that will help the company build its $2.5B+ Macau Studio City project. The debt will be split into a $1.3B amortizing loan and $100M in revolving credit. Numerous banks are involved, including Bank of America (BAC), Citigroup (C), Deutsche Bank (DB) and UBS (UBS).