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Las Vegas Sands | 8-K: Current report

SEC announcement ·  May 17 04:07
Summary by Futu AI
On May 16, 2024, Las Vegas Sands Corp. successfully completed its previously announced public offering of senior notes, raising a total of $1.75 billion. The offering included $750 million of 5.900% Senior Notes due in 2027, $500 million of 6.000% Senior Notes due in 2029, and $500 million of 6.200% Senior Notes due in 2034. The proceeds from the offering, along with available cash, will be used to fully redeem the company's outstanding $1.75 billion of 3.200% Senior Notes set to mature on August 8, 2024. The newly issued notes are unsecured and rank equally with other unsecured and unsubordinated obligations of the company, without subsidiary guarantees. The indentures for the notes were established under agreements with U.S. Bank Trust Company, National Association, as trustee. The notes are subject to standard redemption terms and covenants that limit certain financial activities of the company and its subsidiaries.
On May 16, 2024, Las Vegas Sands Corp. successfully completed its previously announced public offering of senior notes, raising a total of $1.75 billion. The offering included $750 million of 5.900% Senior Notes due in 2027, $500 million of 6.000% Senior Notes due in 2029, and $500 million of 6.200% Senior Notes due in 2034. The proceeds from the offering, along with available cash, will be used to fully redeem the company's outstanding $1.75 billion of 3.200% Senior Notes set to mature on August 8, 2024. The newly issued notes are unsecured and rank equally with other unsecured and unsubordinated obligations of the company, without subsidiary guarantees. The indentures for the notes were established under agreements with U.S. Bank Trust Company, National Association, as trustee. The notes are subject to standard redemption terms and covenants that limit certain financial activities of the company and its subsidiaries.

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