In a filing to the Hong Kong Stock Exchange, Sands China revealed that a unit of the company, VML US Finance LLC, has struck a new loan agreement with lenders pertaining to a billion loan. GGRAsia reported that each consenting lender under the existing credit agreement has agreed to extend the maturity of term loans to May 31, 2022, and has modified the scheduled amortization payment date of the term loans.
The credit spread will range from 0.250 to 1.125 percent each year for loans accruing interest at a base rate and from 1.250 to 2.125 percent per annum for loans accruing interest at an adjusted Eurodollar or HIBOR rate, GGRAsia reported.
