LAS VEGAS SANDS CORP (LVS): debt financing — Las Vegas Sands issues $1.75B of senior notes to refinance maturing 3.200% notes

LAS VEGAS SANDS CORP

Issued $750M 5.900% notes due 2027, $500M 6.000% notes due 2029, $500M 6.200% notes due 2034.
Net proceeds plus cash on hand to redeem $1.75B of 3.200% notes maturing August 8, 2024.
Notes are unsecured senior obligations, rank equally with existing unsecured debt; no subsidiary guarantees.
New notes have higher coupons than the 3.200% being redeemed, increasing interest expense.
Company may redeem notes at make-whole or par after specified dates; change-of-control put at 101%.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

LAS VEGAS SANDS CORP incurred senior notes of $1,500,000,000 with U.S. Bank Trust Company, National Association at 5.900% on the 2027 Notes; 6.000% on the 2029 Notes; 6.200% on the 2034 Notes maturing June 1, 2027 for the 2027 Notes; August 15, 2029 for the 2029 Notes; August 15, 2034 for the 2034 Notes.

Instrument: senior notes
Principal: $1,500,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 5.900% on the 2027 Notes; 6.000% on the 2029 Notes; 6.200% on the 2034 Notes
Maturity: June 1, 2027 for the 2027 Notes; August 15, 2029 for the 2029 Notes; August 15, 2034 for the 2034 Notes
Event: incurrence

Exact text from the filing

On May 16, 2024, Las Vegas Sands Corp. (the “Company”) completed its previously announced underwritten public offering of an aggregate principal amount of $750 million of the Company’s 5.900% Senior Notes due 2027 (the “2027 Notes”), $500 million of the Company’s 6.000% Senior Notes due 2029 (the “2029 Notes”) and $500 million of the Company’s 6.200% Senior Notes due 2034 (the “2034 Notes” and, together with the 2027 Notes and the 2029 Notes, the “Notes”).

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

LAS VEGAS SANDS CORP entered into Indenture with U.S. Bank Trust Company, National Association valued at aggregate principal amount of $750 million of the Company’s 5.900% Senior Notes due 2027, $500 milli (effective 2024-05-16).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: aggregate principal amount of $750 million of the Company’s 5.900% Senior Notes due 2027, $500 milli
Effective: 2024-05-16

Exact text from the filing

On May 16, 2024, Las Vegas Sands Corp. (the “Company”) completed its previously announced underwritten public offering of an aggregate principal amount of $750 million of the Company’s 5.900% Senior Notes due 2027 (the “2027 Notes”), $500 million of the Company’s 6.000% Senior Notes due 2029 (the “2029 Notes”) and $500 million of the Company’s 6.200% Senior Notes due 2034

View on SEC.gov

304 debt financings filed in the last 30 days. Browse all debt financings →

LAS VEGAS SANDS CORP filing history →

Source: SEC EDGAR

accession 0001300514-24-000112

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