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Las Vegas Sands logoLas Vegas Sands LVS

The company said it entered into an underwriting agreement with the underwriters on April 29, 2025 to issue and sell 5.625% Senior Notes due 2028 with an aggregate principal amount of $1,000,000,000 at a public offering price of 99.925% of the principal amount.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it entered into an underwriting agreement with the underwriters on April 29, 2025 to issue and sell 5.625% Senior Notes due 2028 with an aggregate principal amount of $1,000,000,000 at a public offering price of 99.925% of the principal amount.

  2. Under the same underwriting agreement, Las Vegas Sands will issue and sell 6.000% Senior Notes due 2030 with an aggregate principal amount of $500,000,000 at a public offering price of 99.889% of the principal amount.

  3. The offering is expected to close on or about May 6, 2025, subject to customary closing conditions, the company said. Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are the representatives of the underwriters.

  4. Las Vegas Sands said the underwriting agreement includes customary representations, warranties, covenants and closing conditions, as well as customary indemnification by the company and the underwriters and customary contribution provisions. Some underwriters and their affiliates are lenders under the company's credit facilities, and in some cases agents for the lenders.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

2028 Notes Offering Terms

The company said it entered into an underwriting agreement with the underwriters on April 29, 2025 to issue and sell 5.625% Senior Notes due 2028 with an aggregate principal amount of $1,000,000,000 at a public offering price of 99.925% of the principal amount.

Source · Based on the filing body and exhibits

2030 Notes Offering Terms

Under the same underwriting agreement, Las Vegas Sands will issue and sell 6.000% Senior Notes due 2030 with an aggregate principal amount of $500,000,000 at a public offering price of 99.889% of the principal amount.

Source · Based on the filing body and exhibits

Expected Closing Date and Underwriters

The offering is expected to close on or about May 6, 2025, subject to customary closing conditions, the company said. Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are the representatives of the underwriters.

Source · Based on the filing body and exhibits

Underwriting Agreement Key Terms and Underwriter Relationships

Las Vegas Sands said the underwriting agreement includes customary representations, warranties, covenants and closing conditions, as well as customary indemnification by the company and the underwriters and customary contribution provisions. Some underwriters and their affiliates are lenders under the company's credit facilities, and in some cases agents for the lenders.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.