Las Vegas Sands Corp. Enters Material Definitive Agreement

TL;DR

LVS just signed a big deal, could mean new debt or obligations.

AI Summary

On May 16, 2024, Las Vegas Sands Corp. entered into a material definitive agreement. The company, incorporated in Nevada with its principal executive offices in Las Vegas, NV, filed a Form 8-K to report this event. The filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.

Why It Matters

This filing signals a significant new contract or financial commitment for Las Vegas Sands Corp., potentially impacting its future operations and financial obligations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

• LAS VEGAS SANDS CORP. (company) — Registrant
• Nevada (jurisdiction) — State of incorporation
• May 16, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001300514-24-000112.txt : 20240516 0001300514-24-000112.hdr.sgml : 20240516 20240516160456 ACCESSION NUMBER: 0001300514-24-000112 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20240516 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240516 DATE AS OF CHANGE: 20240516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LAS VEGAS SANDS CORP CENTRAL INDEX KEY: 0001300514 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 270099920 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32373 FILM NUMBER: 24955459 BUSINESS ADDRESS: STREET 1: 5420 S. DURANGO DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89113 BUSINESS PHONE: 702-923-9000 MAIL ADDRESS: STREET 1: 5420 S. DURANGO DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89113 8-K 1 lvs-20240516.htm 8-K lvs-20240516 0001300514 false 0001300514 2024-05-16 2024-05-16 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported)         May 16, 2024 LAS VEGAS SANDS CORP. (Exact name of registrant as specified in its charter) Nevada (State or other jurisdiction of incorporation) 001-32373 27-0099920 (Commission File Number) (IRS Employer Identification No.)     5420 S. Durango Dr. Las Vegas, Nevada 89113 (Address of principal executive offices) (Zip Code) ( 702 ) 923-9000 (Registrant's Telephone Number, Including Area Code) NOT APPLICABLE  (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ($0.001 par value) LVS New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ITEM 1.01. Entry into a Material Definitive Agreement. 5.900% Senior Notes due 2027; 6.000% Senior Notes due 2029; 6.200% Senior Notes due 2034 On May 16, 2024, Las Vegas Sands Corp. (the “Company”) completed its previously announced underwritten public offering of an aggregate principal amount of $750 million of the Company’s 5.900% Senior Notes due 2027 (the “2027 Notes”), $500 million of the Company’s 6.000% Senior Notes due 2029 (the “2029 Notes”) and $500 million of the Company’s 6.200% Senior Notes due 2034 (the “2034 Notes” and, together with the 2027 Notes and the 2029 Notes, the “Notes”).