S$8.67 billion facilities to Marina Bay Sands, Singapore
A&G News 16 September 2019
Allen & Gledhill advised DBS Bank Ltd. (“DBS”), Oversea-Chinese Banking Corporation Limited (“OCBC”), United Overseas Bank Limited (“UOB”), Malayan Banking Berhad, Singapore Branch (“Maybank”) and more than 30 banks and financial institutions (“Lenders”), as transaction counsel, on the S$8.67 billion facilities (“Facilities”) to Marina Bay Sands, Singapore.
DBS, OCBC, UOB and Maybank were appointed global coordinators for the Facilities.
Marina Bay Sands is an iconic Singapore integrated resort comprising dining, entertainment and retail facilities and attractions. Its key features include the world’s largest rooftop infinity pool, the ArtScience Museum, the Shoppes at Marina Bay Sands, the world’s largest atrium casino and a distinctive facade designed by world renowned architect Moshe Safdie.
Part of the facilities will be used towards funding the expansion of the integrated resort, which will comprise a 15,000-seat arena, a luxury hotel tower and additional meetings, incentives, conferences and exhibitions (MICE) space.
Advising the Lenders was Allen & Gledhill Partner Lim Wei Ting.