---
schema_version: "secwatch.filing_event.v1"
accession: "0001300514-22-000133"
form_type: "8-K"
ticker: "LVS"
cik: "0001300514"
company_name: "LAS VEGAS SANDS CORP"
filed_at: "2022-11-30T23:59:59+00:00"
generated_at: "2026-06-21T11:33:14.876565+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sands China extends financial covenant waiver through Jul 2023; shifts to SOFR

## Summary
- Waiver period for max 4.00x leverage ratio and min 2.50x interest coverage extended to July 31, 2023.
- Dividend restrictions extended through same period if leverage >4.00x and total commitments exceed $2B.
- Facility agreement amended to transition from LIBOR to term SOFR reference rate.
- Customary consent fee paid to lenders that agreed to the waiver and amendment.
- Fourth extension since March 2020, reflecting ongoing Macau gaming recovery headwinds.

## SEC filing metadata
- accession: 0001300514-22-000133
- form_type: 8-K
- ticker: LVS
- cik: 0001300514
- company_name: LAS VEGAS SANDS CORP
- filed_at: 2022-11-30T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1300514/000130051422000133/0001300514-22-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1300514/000130051422000133/lvs-20221130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001300514-22-000133
- JSON: https://secwatch.observer/filing/0001300514-22-000133.json
- Plain text: https://secwatch.observer/filing/0001300514-22-000133.txt

## Key facts
- Material Agreements
  LAS VEGAS SANDS CORP amended Fourth Waiver Extension Letter with Bank of China Limited, Macau Branch, as agent, and the arrangers and lenders from time to time party thereto (effective 2022-11-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of China Limited, Macau Branch, as agent, and the arrangers and lenders from time to time party thereto
  - Effective: 2022-11-30
  source text: On November 30, 2022, Sands China Ltd., an exempted company incorporated in the Cayman Islands with limited liability ("Sands China"), an indirect subsidiary of Las Vegas Sands Corp., a Nevada corporation (the "Company"), entered into a waiver extension and amendment request letter (the "Fourth Waiver Extension Letter") with respect to certain provisions of the facility agreement, dated as of November 20, 2018 (as amended, restated, amended and restated, supplemented and otherwise modified, including by waiver and amendment request letters, dated as of March 27, 2020 (the "First Waiver Letter"), September 11, 2020 (the "Second Waiver Extension Letter") and July 7, 2021 (the “Third Waiver Extension Letter”), the "Facility Agreement"), by and among Sands China, as borrower, Bank of China Limited, Macau Branch, as agent (the "Agent"), and the arrangers and lenders from time to time party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1300514/000130051422000133/0001300514-22-000133-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.