debt
confidence high
sentiment neutral
materiality 0.60
Las Vegas Sands closes $1.5B notes offering to refinance 2025 notes and for buybacks
LAS VEGAS SANDS CORP
- Offered $1.0B of 5.625% Senior Notes due 2028 and $500M of 6.000% Senior Notes due 2030.
- Proceeds plus cash on hand to redeem $500M of 2.900% Senior Notes due June 2025.
- Remaining proceeds for general corporate purposes, including potential stock repurchases.
- Notes are unsecured senior obligations ranking equally with other unsecured debt.
- No subsidiary guarantees the Notes.