Marina Bay Sands Taps Banks for Record S$12 Billion Loan
- DBS, Maybank, OCBC, UOB are arrangers of multi-tranche loan
- Proceeds are for refinancing and to fund company’s expansion
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Marina Bay Sands Pte is marketing a loan of as much as S$12 billion ($8.9 billion) as it seeks to fund a planned expansion of its casino resort in Singapore.
The deal, when reaching the upper limit, will be the city state’s largest financing ever. 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.