Summary by Futu AI
Sands China Ltd ("the Company") announced that on October 23, 2024, it entered into a new refinancing agreement with arrangers and lenders, terminating the 2018 SCL credit refinancing and proceeding with refinancing. The new refinancing agreement ("2024 SCL credit refinancing") provides the Company with a total of HK$19,500,000,000 in unsecured revolving credit financing and HK$12,950,000,000 in unsecured term loan financing. The revolving credit financing will be used for general corporate and working capital purposes, while the term loan financing will be used to repay unsecured senior notes due in August 2025. The new financing agreement includes performance and restrictive covenants, and requires the Company to maintain specific financial ratios. The board of directors reminds security holders and potential investors to act prudently when trading in the Company's securities.