3 December 2013
Las Vegas Sands (NYSE: LVS) said its subsidiary, Las Vegas Sands, LLC, intends to launch a refinancing of existing indebtedness on its US restricted group credit facilities on Wednesday, December 4, 2013.
Barclays Capital and Citi have been engaged by the company to arrange the refinancing along with Bank of America Merrill Lynch, BNP Paribas, Goldman Sachs and Scotia Bank. The proposed refinancing would extend the maturity profile of the company´s long-term debt and remove certain financial covenants.
Las Vegas Sands is developer and operator of Integrated Resorts, which feature state of the art convention and exhibition facilities, premium accommodations, world-class gaming and entertainment, destination retail and dining including celebrity chef restaurants, and many other amenities.