waiver and amendment request<\/a><\/em><\/strong> to relax the conditions and terms of payment for the period from January 1, 2020 to July 1, 2021 due to the Covid-19 pandemic.<\/p>\n\n\n\nAccording to Sands China’s latest filing, the firm has agreed an amendment to that original renegotiation, extending the period until January 1, 2022. <\/p>\n\n\n\n
Sands China also has the possibility to extend the lenders’ total commitments for an aggregate amount of up to US$1 billion.<\/p>\n\n\n\n
The commitment also sets limits to the company\u2019s ability to declare or distribute any dividend payments until the end of period set.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Chinese arm of Las Vegas Sands had already asked for lending conditions to be relaxed once due to the Covid-19 pandemic.<\/p>\n","protected":false},"author":2,"featured_media":9975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sands China, the Asian division of Las Vegas Sands, has successfully renegotiated the terms of its US$2 billion revolving credit facility, extending the relaxation of lending conditions until January 1, 2022, in response to the Covid-19 pandemic. This amendment, initially sought in March 2020, also imposes limitations on the company's ability to declare or distribute dividend payments during the extended period.","focusai_entities":"Sands China, Las Vegas Sands, Bank of China","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Dividend Policy Impact","query":"What are the projected implications of Sands China's dividend distribution restrictions on its shareholder base and overall capital structure, particularly for its parent company, Las Vegas Sands?"},{"label":"Macau Market Recovery","query":"How does this credit renegotiation reflect the broader financial health and recovery trajectory of the Macau gaming market amidst persistent pandemic-related operational constraints and regulatory uncertainties?"}],"footnotes":""},"categories":[161,16338,163],"tags":[257,21680],"class_list":["post-9973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-finance-news","tag-macau","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=9973"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9973\/revisions"}],"predecessor-version":[{"id":9976,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/9973\/revisions\/9976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9975"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=9973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=9973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=9973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}