The company said it entered into a Revolving Credit Agreement on April 3, 2024 with The Bank of Nova Scotia as administrative agent. The total principal amount of the new revolving credit facility is $1.5 billion.

1. 01

   The company said it entered into a Revolving Credit Agreement on April 3, 2024 with The Bank of Nova Scotia as administrative agent. The total principal amount of the new revolving credit facility is $1.5 billion.

2. 02

   Scotiabank said the new facility includes a $150 million letter of credit sub-facility. Loans may be used for working capital and general corporate purposes, and the maturity and unused commitment termination date is April 3, 2029.

3. 03

   Las Vegas Sands said the secured overnight financing rate margin ranges from 1.125% to 1.550%, the alternate base rate margin ranges from 0.125% to 0.550%, and the commitment fee on undrawn amounts ranges from 0.125% to 0.250%, with all depending on the credit rating. It also said the maximum consolidated net leverage ratio at the end of each quarter is 4.00 to 1.00.

4. 04

   The company said that on the closing date of the new agreement, it terminated the existing Revolving Credit Agreement dated August 9, 2019 and repaid all outstanding obligations under it.

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Original filing

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