Las Vegas Sands Corp.
Sands China Enters into New Credit Facility and Terminates Existing One
Summary
On October 23, 2024, Sands China Ltd., an indirect subsidiary of Las Vegas Sands Corp., entered into a new 19.50 billion HKD unsecured revolving credit facility and terminated its existing credit facility. The new facility provides for a revolving credit of HKD 19.50 billion and a term loan of HKD 12.95 billion, both denominated in Hong Kong dollars. The revolving credit facility has a final maturity date of October 23, 2029, while the term loan has a final maturity date five years from the drawdown date.
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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.
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