01—Abstract
Summary
Summary of the 8-K filed May 5, 2026. Cited figures are marked; the original filing is the authoritative source.
Las Vegas Sands Corp. entered into an underwriting agreement on May 4, 2026 with Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc., as representatives of the several underwriters, to issue and sell two series of senior notes.
The offering consists of $500,000,000a aggregate principal amount of 5.300% Senior Notes due 2031, priced at 99.787% of principal, and $500,000,000 aggregate principal amount of 5.650% Senior Notes due 2033, priced at 99.873% of principal. The offering is expected to close on or about May 13, 2026, subject to customary closing conditions. The underwriting agreement contains customary representations, warranties, covenants, closing conditions, indemnification and contribution provisions.
The filing notes that certain underwriters and their affiliates have performed, and may in the future perform, financial advisory and investment banking services for the company, and that some are lenders or agents for lenders under the company's credit facilities. The filing is a brief Item 8.01 disclosure, and the full underwriting agreement is filed as Exhibit 1.1 and incorporated by reference. The filing does not state the use of proceeds.
02—Key points
Key Highlights
- Total offering of $1.0 billion in senior notes, split evenly between two $500 million tranches.
- 5.300% Senior Notes due 2031 priced at 99.787% of aggregate principal amount.
- 5.650% Senior Notes due 2033 priced at 99.873% of aggregate principal amount.
- Closing expected on or about May 13, 2026, subject to customary closing conditions.
- Underwriting agreement dated May 4, 2026, with Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc. as representatives.
- Underwriters and affiliates have existing advisory, investment banking and lending relationships with the company, including as lenders under its credit facilities.
- Full underwriting agreement filed as Exhibit 1.1 and incorporated by reference.
03—Questions
Frequently Asked Questions
How much debt is Las Vegas Sands issuing in this offering?
The company agreed to issue and sell $500,000,000 aggregate principal amount of 5.300% Senior Notes due 2031 and $500,000,000 aggregate principal amount of 5.650% Senior Notes due 2033, for a combined $1.0 billion.
At what prices are the notes being sold to underwriters?
The 2031 Notes are offered at a public offering price of 99.787% of their aggregate principal amount, and the 2033 Notes at 99.873% of their aggregate principal amount.
When is the offering expected to close?
The offering is expected to close on or about May 13, 2026, subject to satisfaction of customary closing conditions.
Do the underwriters have other relationships with the company?
Yes. The filing states that certain underwriters and their affiliates have performed and may perform financial advisory and investment banking services for the company, for which they received or will receive customary fees, and that some are lenders or agents for lenders under the company's credit facilities.
Where can investors find the full terms of the underwriting agreement?
The complete underwriting agreement is attached as Exhibit 1.1 to the Form 8-K and incorporated by reference; the filing's summary is qualified in its entirety by that document.
04—Continue