Vegas Sands Secures $600M In Goldman Bonds

Law360, New York (September 2, 2009, 3:38 PM EDT) -- In its fight to regain financial stability, Las Vegas Sands Corp. has secured commitments for up to $600 million in exchangeable bonds through Goldman Sachs Group Inc., the company said Wednesday.

The bonds must be exchanged for common stock in one of the company's subsidiaries, pending an upcoming initial public offering on the Hong Kong Stock Exchange.

The world's largest casino owner and operator has faced financial struggles over the past year and halted the development of several properties in Macau. Executives hope that this most...
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