Marina Bay Sands (MBS) has obtained a $12 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, Malayan Banking, OCBC Bank and UOB were the coordinating banks on the credit facility, which attracted 22 other lenders when it was syndicated to the broader market, said the person, who asked not to be named discussing private matters.
A representative at MBS said the company does not have “any information to provide at this time” when asked about the deal, while its parent Las Vegas Sands did not immediately respond to requests for comment sent outside normal working hours.
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