Marina Bay Sands Pte Ltd, the local entity responsible for managing the integrated resort Marina Bay Sands (MBS) operations, has fully repaid all outstanding loans and commitments under its previous facility agreement.
This follows the company’s recent move to secure a new SG$12 billion ($9 billion) credit facility last week to fund its IR2 expansion project.
According to a filing from parent company Las Vegas Sands on Monday, MBS completed the repayment process on February 28th, 2025, in connection with the 2025 Singapore Credit Facility Agreement.
Specifically, MBS repaid all outstanding Facility A and Facility D loans, settled all ancillary outstandings, reduced the available facility for each loan category to zero, and canceled all ancillary commitments from lenders under the original facility agreement, which was first established on June 25th, 2012, with DBS as the agent and security trustee.
As a result, all outstanding amounts under the finance documents have been fully discharged, and no lender commitments under the previous facility agreement remain in force.
As reported by AGB, the MBS expansion plan is now estimated to cost $8 billion—more than double the initial $3.3 billion announced in 2019.
The project will introduce a fourth hotel tower to the iconic resort, featuring 570 luxury suites, a 15,000-seat arena, and 110,000 square feet of MICE space. Construction is expected to begin by June 2025, with a target opening date of January 1st, 2031.
