Marina Bay Sands Gets Record $9 Billion Loan Amid Tourism Boom
- Loan drew a total of 26 lenders, including coordinating banks
- Financing comes as Singapore stages sharp tourism rebound
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Marina Bay Sands Pte. has obtained a S$12 billion ($9 billion) multi-tranche loan to fund a planned expansion of its casino resort in Singapore, according to a person familiar with the matter, marking the largest such financing in the city state ever.
DBS Group Holdings Ltd., Malayan Banking Bhd., Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. were the coordinating banks on the credit facility, which attracted 22 other lenders when it was syndicated to the broader market, the person said, who asked not to be named discussing private matters.