Las Vegas Sands ( (LVS) ) has provided an announcement.
On February 21, 2025, Marina Bay Sands Pte. Ltd., a subsidiary of Las Vegas Sands Corp., entered into a significant financial agreement with DBS Bank Ltd. and other lenders. The 2025 Singapore Credit Facility Agreement includes a term loan, a revolving credit facility, and a delayed draw term loan facility, totaling approximately $8.98 billion. This agreement is intended to refinance existing debt, support general corporate purposes, and finance the Marina Bay Sands integrated resort expansion project. The facilities are secured by a first-priority security interest in most of the borrower’s assets, and the agreement includes customary covenants and conditions. This strategic financial move is expected to bolster Marina Bay Sands’ operational capabilities and enhance its market position in the competitive Singaporean hospitality and gaming sector.
More about Las Vegas Sands
Las Vegas Sands Corp. operates in the hospitality and gaming industry, primarily focusing on integrated resorts and casinos. Its subsidiary, Marina Bay Sands Pte. Ltd., is a prominent player in the Singapore market, offering luxury accommodations, entertainment, and gaming experiences.
YTD Price Performance: -13.79%
Average Trading Volume: 5,188,889
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $31.52B
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