Las Vegas Sands Corp.
Las Vegas Sands Corp. Enters New $1.5 Billion Revolving Credit Agreement
Summary
On April 3, 2024, Las Vegas Sands Corp. entered into a new $1.5 billion Revolving Credit Agreement, replacing its existing credit facility. The new agreement includes a $150 million sub-facility for letters of credit and will mature on April 3, 2029. It includes financial covenants and customary events of default. The existing credit agreement was terminated and repaid in connection with this new agreement.
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About Las Vegas Sands Corp.
Las Vegas Sands Corp. is a leading developer and operator of world-renowned integrated resorts. The company's primary function is to create and manage properties that combine upscale hotels, state-of-the-art convention and exhibition facilities, and top-tier entertainment options. These resorts particularly cater to the corporate hospitality sector, offering expansive meeting and conference spaces that attract international business tourism. Las Vegas Sands Corp. has a significant presence in the Asia-Pacific and United States regions, owning landmark properties such as The Venetian and The Palazzo on the Las Vegas Strip and Marina Bay Sands in Singapore. The company's focus on luxury and comprehensive hospitality services underscores its impact on the travel and leisure industry. With a commitment to sustainability and innovation, Las Vegas Sands Corp. plays a vital role in shaping the future of global tourism and hospitality, contributing substantially to the economic development of the regions where it operates.
Official SEC Documents
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