An update from Las Vegas Sands (LVS) is now available.
Las Vegas Sands Corp. has secured a $1.5 billion revolving credit facility, managed by Scotiabank, to strengthen its working capital and support general corporate needs. This credit facility, which includes a $150 million sub-facility for letters of credit, comes with flexible interest rate options tied to the company’s credit rating and a commitment fee on undrawn funds. The agreement, which also sets a maximum net leverage ratio and contains typical covenants and default provisions, is set to mature on April 3, 2029, replacing the previous credit agreement from 2019.
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