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Las Vegas Sands prices $3.5B of senior notes

Jul. 30, 2019 6:00 AM ETLas Vegas Sands Corp. (LVS) StockLVSBy: Niloofer Shaikh, SA News Editor1 Comment
  • Las Vegas Sands (NYSE:LVS) has priced $1.75B of 3.200% senior notes due 2024, $1B of 3.500% senior notes due 2026 and $750M of 3.900% senior notes due 2029 in a public underwritten offering.
  • The offering is expected to close on July 31.
  • The company intends to use the net proceeds of ~$3.47B together with cash on hand, to repay outstanding term loans under its existing U.S. credit facility and to pay transaction-related fees and expenses. Any excess net proceeds will be used for general corporate purposes.

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Las Vegas Sands Corp.