TITLE

INVESTORS UNIMPRESSED BY ADELSON'S LOAN TO COMPANY

AUTHOR(S)
Stutz, Howard
PUB. DATE
October 2008
SOURCE
Las Vegas Business Press (10712186);10/13/2008, Vol. 25 Issue 41, p20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article considers the response of investors to a $475 million cash infusion by Chairman Sheldon Adelson into his Las Vegas Sands Corp. in order to meet its liquidity requirements and avoid a $5 billion loan convent. Investors are cautious about the company because it still needs $3.3 billion in order to refinance an existing loan. Furthermore, the company needs more than $2 billion to complete its latest projects in Macau.
ACCESSION #
35050704

 

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