Marina Bay Sands secures a massive $8.9 billion credit facility to refinance debt and fund its ambitious expansion.
Singapore’s Marina Bay Sands secured an impressive PHP 515 billion (US$8.9 billion) credit facility to support its expansion plans making it one of the city-state's two integrated resorts.
Las Vegas Sands acted as intermediary to secure the financing agreement between DBS Bank and several lending institutions.
The funds will be allocated for debt refinancing and will also meet the resort’s operational needs and expansion objectives.
Visitors and VIP gamblers will experience new attractions together with improved facilities for an enhanced luxurious stay.
Through this financial stabilization, LVS has secured Marina Bay Sands' standing while establishing its long-term competitive edge in the region's thriving gaming and hospitality industry.
About the Marina Bay Sands Expansion:
The expansion of Marina Bay Sands gained media attention because it includes a fourth tower and luxury hotel attractions along with an entertainment arena for 15,000 guests and expanded VIP areas for high-rollers.
The expansion will include infrastructure projects designed to promote energy efficiency and protect the environment. Marina Bay Sands shares a location next to Gardens By The Bay which stands among Singapore's most famous attractions.
The facility expansion will draw additional tourists and generate new employment opportunities while maintaining Singapore’s position as a premier international travel destination.
Marina Bay Sands accepted tough financial terms and used its assets as collateral to obtain the loan.
Read related article: Marina Bay Sands Expansion Budget Now At $9B
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