LAS VEGAS, Feb. 15 -- Las Vegas Sands Corp. ( NYSE = LVS ) announced today that its subsidiaries, Las Vegas Sands, Inc. and Venetian Casino Resort, LLC (collectively, the "Issuers"), have received the consents necessary to adopt the proposed amendments to the indenture governing their 11% Mortgage Notes Due 2010 (the "Indenture") in connection with their previously commenced tender offer (the "Offer") and related consent solicitation (the "Consent Solicitation") for any and all of the outstanding notes. A total of approximately $542.3 million, or over 98% in aggregate principal amount of the outstanding Notes, were validly tendered and not validly withdrawn before 5:00 p.m. New York City time on February 14, 2005 (the "Consent Time"). The Offer and Consent Solicitation is scheduled to expire at 12 midnight, New York City time, on Tuesday, March 1, 2005.
The Issuers, U.S. Bank National Association, as trustee, and the note guarantors named in the Indenture have executed a Third Supplemental Indenture setting forth amendments to eliminate most of the restrictive covenants and certain events of default from the Indenture. The amendments will become operative upon the acceptance for purchase of any note validly tendered by the ... // 67% Remaining
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