Las Vegas Sands Terminates Material Agreement

Ticker: LVS · Form: 8-K · Filed: 2025-03-03T00:00:00.000Z

Sentiment: neutral

Topics: agreement-termination, contract

Related Tickers: LVS

TL;DR

LVS terminated a big deal on Feb 28th. Details TBD.

AI Summary

Las Vegas Sands Corp. (LVS) filed an 8-K on March 3, 2025, reporting the termination of a material definitive agreement as of February 28, 2025. The filing does not specify the counterparty or the nature of the agreement, only that it is no longer in effect.

Why It Matters

The termination of a material definitive agreement could impact future operations or financial arrangements for Las Vegas Sands Corp., requiring further investigation into the specifics.

Risk Assessment

Risk Level: medium — The termination of a material definitive agreement introduces uncertainty about the company's contractual relationships and potential financial implications.

Key Players & Entities

FAQ

What was the material definitive agreement that was terminated?

The filing does not specify the name or details of the material definitive agreement that was terminated.

Who was the counterparty to the terminated agreement?

The filing does not disclose the identity of the other party involved in the terminated agreement.

What is the effective date of the termination?

The termination was effective as of February 28, 2025.

What is the financial impact of this termination on Las Vegas Sands Corp.?

The filing does not provide any information regarding the financial impact of the agreement's termination.

Why was the agreement terminated?

The reasons for the termination of the material definitive agreement are not disclosed in this filing.

From the Filing

0001300514-25-000052.txt : 20250303 0001300514-25-000052.hdr.sgml : 20250303 20250303083523 ACCESSION NUMBER: 0001300514-25-000052 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250228 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20250303 DATE AS OF CHANGE: 20250303 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: 25694094 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-20250228.htm 8-K lvs-20250228 0001300514 false 0001300514 2025-02-28 2025-02-28 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)         February 28, 2025 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 1.02. Termination of a Material Definitive Agreement. As previously disclosed, on February 21, 2025, Marina Bay Sands Pte. Ltd. (“MBS” or the “Borrower”), a subsidiary of Las Vegas Sands Corp., entered into a Facility Agreement (the “2025 Singapore Credit Facility Agreement”) with the lenders party thereto and DBS Bank Ltd., as agent for the finance parties (“DBS”) and security trustee for the secured parties, and certain other parties thereto. In connection with the consummation of the 2025 Singapore Credit Facility Agreement, on February 28, 2025, MBS (i) prepaid all outstanding Facility A Loans and Facility D Loans; (ii) repaid all Ancillary Outstandings; (iii) reduced the Available Facility for each Facility to zero; and (iv) cancelled the whole of the Ancillary Commitment of each Ancillar

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