Las Vegas Sands denied the report. “We are neither in the market or looking for $10 billion in loans,” said Ron Reese, senior vice president of global communications for Las Vegas Sands.
Marina Bay Sands Pte plans to tap banks for a loan of as much as $10 billion as the luxury casino operator seeks to expand its hotel and entertainment business.
The Las Vegas Sands Corp.-owned resort may start marketing the deal as early as next quarter, according to people with knowledge of the matter, who asked not to be identified as the matter is private. The plan will include the rollover of a delayed drawdown facility, refinancing of existing loans and new debt.
