DBS Bank served as agent, as well as a mandated lead arranger, on an amendment and restatement to a credit facility for Marina Bay Sands (MBS), a subsidiary of Las Vegas Sands.

According to a related 8-K filing, DBS also served as a global coordinator and a security trustee. Other lenders party to the amendment included Oversea-Chinese Banking, United Overseas Bank and Malayan Banking Berhad, Singapore Branch, as global coordinators; and Oversea-Chinese Banking, United Overseas Bank, Malayan Banking Berhad, Singapore Branch, Standard Chartered Bank, Sumitomo Mitsui Banking and CIMB Bank Berhad, Singapore Branch, as mandated lead arrangers

The amendment extended the maturity date of facility A loans under the existing facility agreement to March 29, 2024, and the maturity date of the facility B loans to September 29, 2023.

The amortization schedule for the facility A loans was also amended to provide for 0.5% due at the end of each quarter beginning with the second quarter of 2018 until – and including – the first quarter of 2022, 5% due at the end of each quarter beginning with the second quarter of 2022 until the first quarter of 2023, and 18% due at the end of each quarter beginning with the second quarter of 2023 until the facility A termination date of March 29, 2024. The leverage covenant was amended to provide that leverage shall not exceed 4.00 to 1.0 on the last day of each fiscal quarter.

Some of the lenders, agents and arrangers under the amendment agreement provided, and may provide in the future, investment banking, commercial banking and other financial services for LVSC and its subsidiaries in the ordinary course of business, for which they have received and will receive customary compensation.