Las Vegas Sands Terminates Agreement, Incurs New Obligation

Ticker: LVS · Form: 8-K · Filed: 2024-10-23T00:00:00.000Z

Sentiment: neutral

Topics: agreement-termination, financial-obligation

Related Tickers: LVS

TL;DR

LVS terminated a deal and took on a new financial obligation. Details TBD.

AI Summary

On October 23, 2024, Las Vegas Sands Corp. filed an 8-K report detailing the termination of a material definitive agreement and the creation of a direct financial obligation. The filing indicates a significant financial event for the company, though specific details of the agreement and obligation are not provided in this excerpt.

Why It Matters

This filing signals a change in Las Vegas Sands Corp.'s contractual and financial commitments, which could impact its future operations and financial health.

Risk Assessment

Risk Level: medium — The termination of a material agreement and the creation of a new financial obligation suggest potential shifts in the company's strategic or financial landscape that warrant closer examination.

Key Players & Entities

FAQ

What was the material definitive agreement that Las Vegas Sands Corp. terminated?

The provided excerpt does not specify the details of the material definitive agreement that was terminated.

What is the nature of the new direct financial obligation or off-balance sheet arrangement created by Las Vegas Sands Corp.?

The excerpt states that a direct financial obligation or an obligation under an off-balance sheet arrangement was created, but does not provide specific details about its nature or terms.

What is the effective date of the termination and the creation of the obligation?

The filing indicates that the date of the earliest event reported is October 23, 2024, and the date as of change is also October 23, 2024.

Does this 8-K filing provide any financial figures related to the terminated agreement or the new obligation?

No, the provided excerpt of the 8-K filing does not contain specific dollar amounts or financial figures related to the terminated agreement or the new obligation.

What are the primary business activities of Las Vegas Sands Corp. as indicated by the SIC code?

The Standard Industrial Classification (SIC) code provided is 7011, which corresponds to Hotels & Motels.

From the Filing

0001300514-24-000129.txt : 20241023 0001300514-24-000129.hdr.sgml : 20241023 20241023090248 ACCESSION NUMBER: 0001300514-24-000129 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20241023 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant FILED AS OF DATE: 20241023 DATE AS OF CHANGE: 20241023 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: 241387908 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-20241023.htm 8-K lvs-20241023 0001300514 false 0001300514 2024-10-23 2024-10-23 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)         October 23, 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. On October 23, 2024, Sands China Ltd., an exempted company incorporated in the Cayman Islands with limited liability (“Sands China”) and an indirect subsidiary of Las Vegas Sands Corp., a Nevada corporation (the “Company”), entered into a new facility agreement (the “2024 SCL Credit Facility”) with the arrangers and lenders named therein and from time to time party thereto and Bank of China Limited, Macau Branch, as agent for the lenders (the “Agent”). In connection with the entry into the 2024 SCL Credit Facility, the commitments under Sands China’

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