Sands China Ltd. announced that its subsidiary VML US Finance LLC has entered into a new loan agreement with lenders for $1 billion due to be transacted at the end of this month.
“The Company is pleased to announce that on April 10, 2015, (the “Borrower”), an indirect, wholly-owned subsidiary of the Company, entered into a Joinder Agreement under the Restated Credit Agreement…”
The credit spread ranges from 0.250% to 1.125% per annum for loans accruing interest at a base rate, and from 1.250% to 2.125% per annum for loans accruing interest at an adjusted Eurodollar or HIBOR rate.
“The Borrower is required to make principal payments on a quarterly basis beginning on June 30, 2018 in accordance with the provisions of the Joinder Agreement. The maturity date of the New Term Loan is March 30, 2021.”
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
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