debt
confidence high
sentiment neutral
materiality 0.85
Marina Bay Sands enters SGD 12B facility for refinancing and expansion
LAS VEGAS SANDS CORP
- New facility comprises SGD 3.75B term loan, SGD 750M revolver, and SGD 7.5B delayed draw term loan (~$8.98B total).
- Delayed draw term loan funds MBS Expansion Project; availability tied to TOP issuance or 84 months from closing.
- Proceeds from term and revolver used to refinance existing debt, pay dividends, and for general corporate purposes.
- Interest rate at Compounded SORA plus variable margin based on Debt-to-Consolidated Adjusted EBITDA ratio.
- Borrower prepaid all outstanding 2012 Singapore Credit Agreement on Feb 18, conditioned on new facility proceeds.