Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Real Estate

Marina Bay Sands gets record S$12 billion loan amid tourism boom

by Stephanie Irvin
in Real Estate
Marina Bay Sands gets record S billion loan amid tourism boom
Share on FacebookShare on Twitter


The loan will be used for refinancing and to fund the expansion of the company’s integrated resort

MARINA Bay Sands has obtained a S$12 billion multi-tranche loan to fund a planned expansion of its casino resort in Singapore, according to a source familiar with the matter, marking the largest such financing in the city state ever.

DBS Group Holdings, Malayan Banking, OCBC and United Overseas Bank were the coordinating banks on the credit facility, which attracted 22 other lenders when it was syndicated to the broader market, the source said, who asked not to be named discussing private matters.

A representative at Marina Bay Sands 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.

The loan will be used for refinancing and to fund the expansion of the company’s integrated resort, the cost of which is expected to balloon to US$8 billion from the original estimate of about US$3.4 billion made in 2019.

Marina Bay Sands’ expansion plans come as Singapore’s tourism industry has staged a sharp rebound since the pandemic. International visitor arrivals in the city state last year increased by 21 per cent to 16.5 million, led by tourists from China, Indonesia and India.

The previous syndicated loan record in Singapore was a S$9.3 billion facility signed in 2012, which financed the acquisition of food and beverage maker Fraser & Neave by Thai billionaire Charoen Sirivadhanabhakdi’s TCC Assets. BLOOMBERG

Share with us your feedback on BT’s products and services

Tags: BayBillionBoomLoanMarinaRecordS12SandsTourism
Stephanie Irvin

Stephanie Irvin

Next Post
Indonesia’s INA, Japan’s DBJ launch hybrid fund for mid-sized businesses

Indonesia’s INA, Japan’s DBJ launch hybrid fund for mid-sized businesses

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In