Marina Bay Sands Pte Ltd, the immediate parent of Singapore integrated resort Marina Bay Sands (MBS), said overnight that it has cleared all loans and commitments under a longstanding facility agreement after last week securing a new SG$12 billion (US$9 billion) credit facility agreement for its IR2 expansion project.
The facility agreement in question was originally dated 25 June 2012.
In a filing, parent company Las Vegas Sands said MBS has, in connection with the consummation of the 2025 Singapore Credit Facility Agreement, prepaid all outstanding Facility A Loans and Facility D Loans, prepaid all ancillary outstandings, reduced the available facility for each facility to zero and cancelled the whole of the ancillary commitment of each ancillary lender under the facility agreement.
