Sands China, majority owned subsidiary of Las Vegas Sands, has secured $3.5 billion in refinancing. The casino operator has the option to raise another $1 billion of new senior secured credit agreements.
The facility include a $3 billion five-year term loan A and a $500 million five-year revolver. The company intends to use the proceeds to repay the balance on its existing $2.7 billion Venetian Macau facility and about a $1.75 billion Venetian Orient facility as well as to fund the completion of construction on two land parcels in Macau.
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