secwatch / observer
8-K filed May 12, 2023, 7:59 PM ET ticker LVS CIK 0001300514
debt confidence high sentiment neutral materiality 0.65

Sands China extends $2.5B credit facility to 2025, waives financial covenants through Q1 2024

LAS VEGAS SANDS CORP

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LAS VEGAS SANDS CORP amended A&R Facility Agreement with Bank of China Limited, Macau Branch, as agent, and the arrangers and lenders from time to time party thereto valued at approximately $2,251 million (effective 2023-05-11).

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
Value
approximately $2,251 million
Effective
2023-05-11
Exact text from the filing
On May 11, 2023, 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 an amended and restated facility agreement (the “A&R Facility Agreement”) which amended and restated 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”), July 7, 2021 (the “Third Waiver Extension Letter”) and November 30, 2022 (the “Fourth 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.
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Source: SEC EDGAR
accession 0001300514-23-000064
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