secwatch.observer — SEC 8-K summary
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Issuer:     LAS VEGAS SANDS CORP (LVS)
CIK:        0001300514
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001300514-24-000112
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Las Vegas Sands issues $1.75B of senior notes to refinance maturing 3.200% notes
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1300514/000130051424000112/0001300514-24-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1300514/000130051424000112/lvs-20240516.htm
  HTML page:      https://secwatch.observer/filing/0001300514-24-000112

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