Marina Bay Sands Eyes Singapore’s Largest Loan of $9 Billion
- DBS, Maybank, OCBC, UOB are arranging the seven-year facility
- Funds are for refinancing, capital expenditure for expansion
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Marina Bay Sands is seeking a loan of around S$12 billion ($9 billion), in what would be the largest financing from Singapore, as the company looks to fund the planned expansion of its casino resort in the city state.
DBS Group Holdings Ltd., Malayan Banking Bhd., Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. are coordinating the loan, according to people familiar with the matter who asked not to be identified discussing private information. The facility, which carries a tenor of seven years, will be syndicated to other financiers, the people said, adding that the terms haven’t been finalized and may change as negotiations continue.