Game operators have announced that Sands China will receive a US $ 1 billion (8 billion MOP) loan from its parent company, Las Vegas Sands, and will be repaid on July 11, 2028.
“The loan agreement emphasizes both LVS and the company’s confidence in Macau’s long-term growth potential, and loan availability further enhances the position and liquidity of the company’s balance sheet.” Sands added.
Game Concessionaire has extended its game license for six months until December 31, 2022 and is currently preparing to bid for a public bid for a new game concession in Macau SAR.
In the first two years from July 11, 2022, Sands China will pay cash interest five times a year or in-kind interest six times a year by adding the amount of interest to the interest payable at that time. You can choose to pay. The principal of the loan. After that, only cash interest will be paid 5 times a year.