Marina Bay Sands Seeks $9 Billion Loan for Expansion

Marina Bay Sands (MBS) is seeking a landmark SG$12 billion (US$9 billion) loan, which would become the largest financing deal in Singapore's history, to fund its ambitious expansion plans. Coordinated by major banks including DBS Group, Malayan Banking, OCBC, and UOB, the seven-year syndicated loan aims to refinance an existing SG$4 billion loan from 2019 and support an expansion projected to cost SG$8 billion, up from an initial estimate of SG$3.4 billion. The planned upgrade will include a new fourth tower, a 15,000-seat entertainment arena, and expanded conference facilities, with completion targeted for early 2031, pending government approval. Las Vegas Sands Corp, MBS's parent company, declined to comment on the financing details. The previous record for Singapore's largest syndicated loan was set in 2012 at SG$9.3 billion for the acquisition of Fraser & Neave. This move reflects MBS’s strategy to enhance its position as a premier destination in the tourism and entertainment sector.