Thursday, August 18, 2022

Sands China amends loan agreement


Sands China has announced that its subsidiary VML US Finance LLC (VUF) has entered into a new amendment and restatement agreement with lenders for its $1 billion loan.

In a filing to the Hong Kong Stock Exchange, under the new loan agreement, each consenting lender under the existing credit agreement has agreed to extend the maturity of its term loans to May 31, 2022, and has modified the scheduled amortization payment date of the term loans.

The credit spread will range from 0.250 to 1.125 percent per annum for loans accruing interest at a base rate, and from 1.250 to 2.125 percent per annum for loans accruing interest at an adjusted Eurodollar or HIBOR rate.

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