S$12 billion term and revolving loan facilities to Marina Bay Sands
Allen & Gledhill, as transaction counsel, advised DBS Bank Ltd. (“DBS”), Malayan Banking Berhad, Singapore Branch (“Maybank”), Oversea-Chinese Banking Corporation Limited (“OCBC”) and United Overseas Bank Limited (“UOB”), as global coordinators on the S$12 billion term and revolving loan facilities (“Facilities”) to Marina Bay Sands Pte. Ltd.
The Facilities will be used to finance the expansion of the Marina Bay Sands integrated resort, which will comprise a fourth tower, luxury suites, a 15,000-seat entertainment arena and additional MICE space.
The Facilities are the largest Singapore dollar syndicated loan to date.
Advising DBS, Maybank, OCBC, and UOB were Allen & Gledhill Partners Lim Wei Ting and Eudora Tan, and Counsel Cynthia Gunawan.
