Las Vegas Sands Corp. announced that its subsidiary, Marina Bay Sands Pte. Ltd. (MBS), has entered into a new credit facility agreement on February 21, 2025. The agreement, known as the 2025 Singapore Credit Facility Agreement, includes the following financing:

- A SGD 3.75 billion ($2.81 billion) term loan facility
- A SGD 750 million ($561 million) revolving credit facility
- A SGD 7.5 billion ($5.61 billion) delayed draw term loan facility

The funds will be used for refinancing existing debt, general corporate purposes, and financing development costs related to the Marina Bay Sands integrated resort expansion project. The agreement includes customary conditions, financial covenants, and security interests in MBS’s assets.

Additionally, MBS has issued a prepayment notice for the full repayment of its outstanding obligations under a 2012 credit agreement, contingent on receiving proceeds from the new facilities.

source: Las Vegas Sands Corp., form 8-K filing, February 24, 2025.