LVS Sets Up $1.5 Billion Unsecured Revolving Credit Facility

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Casino operator Las Vegas Sands (LVS) has a new $1.5 billion senior unsecured revolving credit facility, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.

The new revolving credit facility is under a Wednesday contract that includes a $150 million sub-facility for the letter of credit.

The total US$1.5 billion could be used by Las Vegas Sands and its affiliates for "working capital and general corporate purposes," the filing states.

Sands China Ltd, an affiliate of the group, is one of six casino concessions in Macau. In Singapore, the parent's affiliate Marina Bay Sands Pte Ltd runs the Marina Bay Sands resort, which is half of the state's casino duopoly.

The outstanding loans under the revolving credit facility will mature on April 3, 2029, according to a filing on Wednesday.

Under the agreement, Las Vegas Sands is subject to financial agreements including limiting the Company and its limited subsidiaries to "maximum consolidated net leverage ratio of 4.00 to 1.00 as of the last day of each fiscal quarter."

BY: 에볼루션 바카라사이트

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