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MBS eyes $12b loan to fund planned expansion of resort
The Straits Times
|November 20, 2024
Marina Bay Sands (MBS) is seeking a loan of around $12 billion, in what would be the largest financing from Singapore, as the firm looks to fund the planned expansion of its casino resort in the Republic.
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DBS Bank, Malayan Banking, OCBC Bank and UOB 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 sources said, adding that the terms have not been finalised and may change as negotiations continue.
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