Las Vegas Sands Corp. has agreed to sell its Las Vegas properties, including the Venetian Resort Las Vegas and the Sands Expo and Convention Center, for $6.25 billion. As part of this deal, real-estate investment trust VICI Properties Inc. will buy all of the land and real estate assets associated with the Venetian Resort and the Sands Expo and Convention Center for $4 billion in cash.
S&C advised the lenders that provided $4 billion in bridge financing for VICI’s acquisition. The lenders are Deutsche Bank Securities Inc. and Deutsche Bank AG Cayman Islands Branch and Morgan Stanley Senior Funding Inc. The bridge financing consists of a 364-day first lien secured facility.
The S&C team that advised the lenders was led by Ari Blaut and includes Joyce Kwok and Boli Chen.