Marina Bay Sands has successfully cleared its debt and secured PHP 495 billion (SG$12 billion / US$9 billion) in new financing to drive its ambitious IR2 expansion.
Marina Bay Sands (MBS), one of Singapore’s two legal casinos, has cleared its outstanding debt of PHP 515 billion (SG$12 billion / US$8.9 billion*) as it positions towards expanding its facilities in the coming years.
According to a filing by its parent company, Las Vegas Sands, MBS successfully settled all outstanding loans under its 2012 facility agreement. This financial reset, paid February 28, 2025, involved the prepayment of specific loan facilities, the settlement of additional financial commitments, and the termination of previous lender agreements.
Marina Bay Sands has fully repaid its Facility A and Facility D loans, cleared all remaining balances, and reduced available credit for both loan categories to zero. It also canceled all related commitments from lenders under the original loan agreement, which was first set up on June 25, 2012, with DBS as the agent and security trustee.
With a clean financial slate, MBS has secured a new PHP 495 billion (SG$12 billion / US$9 billion) credit facility for growth and innovation.
A Bold New Chapter for Marina Bay Sands
The IR2 project will introduce exciting new features, including a brand-new hotel tower, a cutting-edge 15,000-seat arena, and expanded meeting and event spaces. With an investment now reaching PHP 330 billion (SG$8 billion / US$6 billion) Construction will begin in June 2025. MBS also scheduled the grand opening of the expanded MBS on January 1, 2031.
Financing the Expansion
Las Vegas Sands is funding the project, with DBS overseeing the financing as the agent and security trustee.
Originally set as a PHP 135 billion (SG$3.3 billion / US$2.5 billion) investment, the project has expanded into a comprehensive PHP 330 billion transformation. With its financial restructuring complete, Marina Bay Sands is entering a new era of growth and innovation.
Read related article: Completion of Marina Bay Sands Expansion Delayed to 2031
.png)
Comments