secwatch.observer — SEC 8-K summary
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Issuer:     LAS VEGAS SANDS CORP (LVS)
CIK:        0001300514
Form:       8-K
Filed at:   2024-04-03T23:59:59+00:00
Accession:  0001300514-24-000055
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Las Vegas Sands enters $1.5B revolving credit facility, maturing 2029
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- New $1.5 billion senior unsecured revolving credit facility with Scotiabank as administrative agent; matures April 3, 2029.
- Replaces existing $1.5B revolving credit agreement dated August 2019; all outstanding obligations repaid and terminated.
- Facility includes $150M letter of credit sub-facility; proceeds for working capital and general corporate purposes.
- Interest margins range from 1.125%-1.550% for SOFR loans based on borrower's corporate family rating.
- Financial covenant: maximum consolidated net leverage ratio of 4.00 to 1.00 as of end of each fiscal quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1300514/000130051424000055/0001300514-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1300514/000130051424000055/lvs-20240403.htm
  HTML page:      https://secwatch.observer/filing/0001300514-24-000055

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