Marina Bay Sands eyes largest loan to fund casino expansion

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SINGAPORE — Marina Bay Sands is seeking a loan of around S$12 billion (US$9 billion), in what would be the largest financing from Singapore, as the company looks to fund the planned expansion of its casino resort in the city state.

The facility, which carries a tenor of seven years, will be syndicated to other financiers, the people said, adding that the terms have not been finalised and may change as negotiations continue.

The loan will be used to refinance an existing S$4 billion seven-year borrowing from August 2019, the people said.

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Article Details

Category: EconomyBusiness

Markets: ThailandSingapore

Topics: Billion S$12 Corp Singapore Loan People Marina Sands Company Expansion Resort

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 11:22:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 364 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23689011

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