---
schema_version: "secwatch.filing_event.v1"
accession: "0001300514-23-000064"
form_type: "8-K"
ticker: "LVS"
cik: "0001300514"
company_name: "LAS VEGAS SANDS CORP"
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:16:17.739364+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Termination date extended from July 31, 2023 to July 31, 2025 for lenders representing 100% of commitments.
- Financial covenant compliance (leverage ≤4.0x, interest coverage >2.5x) waived until January 1, 2024.
- Maximum permitted leverage ratio phases down from 6.25x (Q1 2024) to 4.00x (post-Q1 2025).
- Dividend payments restricted if total commitments exceed $2B and leverage >4.0x, unless cash and undrawn facilities >$2B.
- Total commitments: HKD 17,633M (~$2,251M) plus $237M USD.

## SEC filing metadata
- accession: 0001300514-23-000064
- form_type: 8-K
- ticker: LVS
- cik: 0001300514
- company_name: LAS VEGAS SANDS CORP
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- 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/1300514/000130051423000064/0001300514-23-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1300514/000130051423000064/lvs-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001300514-23-000064
- JSON: https://secwatch.observer/filing/0001300514-23-000064.json
- Plain text: https://secwatch.observer/filing/0001300514-23-000064.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1300514/000130051423000064/0001300514-23-000064-index.htm

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