Melco Crown Entertainment, which operates the City of Dreams hotel and casino complex in Macau, will use the proceeds of the offering to repurchase existing debt.
By Tom BrennanFebruary 14, 2013Originally published on International
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Latham & Watkins has acted for MCE Finance, a subsidiary of Macau casino operator Melco Crown Entertainment, on a $1 billion notes issue on the Singapore Exchange.
Melco, one of the six companies licensed to operate a casino in Macau, will use the proceeds to repurchase some of its existing debt, including $600 million in senior notes due in 2018 and part of a $365 million issue due this year. The company operates the City of Dreams hotel and casino complex.
Latham Hong Kong partners Bryant Edwards and Eugene Lee advised MCE finance.
Walkers Hong Kong partner Kristen Kwok advised on offshore matters.
White & Case and
Maples and Calder represented joint bookrunners and joint lead managers Deutsche Bank AG, The Australia and New Zealand Banking Group, Bank of America Merrill Lynch, and Citigroup Inc.
Manuela Antonio Lawyers and Notaries and Henrique Saldanha Laywers and Notaries advised MCE Finance and the underwriters, respectively, on Macau law.
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