Las Vegas Sands amends facility, allowing for term loan repurchases

By Sara Rosenberg

New York, April 21 - Las Vegas Sands Corp. completed the amendment to its credit facility that allows for the repurchase of up to $800 million of term loan debt through Dutch auctions, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

All repurchases must be done before Sept. 30, 2010 and there is a minimum tender amount of $25 million.

The Bank of Nova Scotia is the administrative agent on the deal and Goldman Sachs is the auction manager.

The amendment was completed on April 15.

Las Vegas Sands is a Las Vegas-based developer of multi-use integrated resorts.

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