The financing is being syndicated to the broader market, and pays an interest income of around 120 basis points a year, the people said. The borrowing will be split into three tranches, including up to $7.5 billion for a delayed-draw term financing, $3.75 billion in term loans and $750 million for a revolving credit facility, according to the people.
Marina Bay Sands Pte is marketing a loan of as much as $12 billion as it seeks to fund a planned expansion of its casino resort in Singapore.
The deal, when reaching the upper limit, will be the city state’s largest financing ever. DBS Group Holdings, Malayan Banking (Maybank), Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (SGX:U11
) (UOB) are coordinating the loan, according to people familiar with the matter who asked not to be identified discussing private information.
