LAS VEGAS SANDS CORP (LVS): debt financing — Las Vegas Sands closes $1B notes offering; proceeds to refinance $1B 3.500% notes due Aug 2026
LAS VEGAS SANDS CORP
- $500M of 5.300% Senior Notes due 2031 and $500M of 5.650% Senior Notes due 2033 were issued on May 13, 2026.
- Net proceeds plus cash on hand will redeem the entire $1.0B aggregate principal of 3.500% Senior Notes due August 2026.
- Notes are unsecured senior obligations of the Company; no subsidiary guarantees.
- Interest payable semi-annually: 2031 Notes on May 15/Nov 15, 2033 Notes on May 18/Nov 18, starting Nov 2026.
- Change-of-control trigger requires repurchase at 101% of principal plus accrued interest.