Send to a FriendPrint this Article

Post News
2 October 2008

Sheldon Adelson invests $475M in Las Vegas Sands | forbes.com

The billionaire chief executive of Las Vegas Sands Corp. has invested $475 million in the hotel and casino operator to avoid violating lender covenants. In a sign of creative cash-raising in a tight credit environment, Sheldon G. Adelson, who also is chairman and principal shareholder, and his family purchased convertible senior notes due October 2013 in a private transaction. The notes pay interest of 6.5 percent and convert into common shares at a price of $49.65.

>> OPEN EXTERNAL ARTICLE

ORGANIZATION

Hospitality Netforbes.com

RECENT NEWS

ExternalMost Hotel Stocks Fall As Analyst Lowers Forecasts | Forbes.com - Associated Press
Tuesday 3 February 2009

ExternalDiamondRock affirms outlook, but shares slide | forbes.com
Friday 16 January 2009

ExternalAnalyst predicts further declines for Hotel REITs | forbes.com
Wednesday 14 January 2009



Post News






Copyright© 1995-2009 Hospitality Net™ All rights reserved.
Trademarks and product names are the property of their respective owners.
Privacy Statement - Terms & Conditions - Advertising Information
TOP of page