Las Vegas Sands (LVS) Stock Plummets 13%: Its Subsidiary Declares Pricing Of $1.95 Billion of Senior Unsecured Notes

LVS stock has been showing negative signs. The current price is much lower compared to the week ago. It has been decreasing for 4 days. The cost surged to $ 45.08 on Wednesday. The next day, it dropped to $ 43.73. On September 10, the worth plummeted to $ 41.85, having lost 7% in total over 4 days. On the last day, it plunged to $ 39.23. The highest weekly price was $ 45.08, while the lowest was $39.07.
Las Vegas Sands is the world’s largest developer and operator of world-class resorts.
It announced that its subsidiary, Sands China has priced $700 million of 2.300% senior notes due 2027, $650 million of 2.850% senior notes due 2029, and $600 million of 3.250% senior notes due 2031. It is expected that the offering will be closed on September 23, 2021, subject to customary closing conditions. Sands China is planning to use the net proceeds of $1.93 billion from the accommodation and cash for the full repayment of the outstanding principal amount of its Senior Notes in the amount of $1.80 billion with a rate of 4.600% and payment in 2023.


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