Simmons & Simmons SG banking team successfully closes landmark S$12 billion syndicated loan for Marina Bay Sands
On Friday, 21 February 2025, the Singapore banking team of international law firm Simmons & Simmons proudly announced the successful closure of Marina Bay Sands' (MBS) latest S$12 billion syndicated secured loan facilities. This significant transaction was facilitated by a syndicate of prominent global banks, with DBS, Maybank, OCBC, and UOB serving as the global arrangers.
The Simmons deal team was led by Calvin Tan (Partner), with key contributions from Tan Rui Wen (Of Counsel), Erica Houlihan (Managing Associate), Sarah Teo (Trainee), and Adriel Ho (Trainee).
This historic transaction marks a milestone as Singapore's largest syndicated loan facility to date, surpassing the previous record-holder by an impressive 29%. MBS, a national icon renowned for its architectural design, panoramic city views, and world-class amenities, continues to be a pivotal client for our team.
The loan facilities will partially fund MBS's ambitious expansion plans, including the construction of a fourth tower. This new development will feature 570 luxury suites, a 15,000-seat entertainment arena, 110,000 square feet of MICE space, a SkyPark, and additional high-end dining facilities, further enhancing MBS's status as a premier destination.
Simmons is honoured to contribute to this chapter of the "Singapore Story" and looks forward to continuing its partnership with MBS on future endeavours.
