Cahill Advises Debt Financing Sources in $2.85 Billion Capital Raise for The Venetian Las Vegas

May 14, 2026

Cahill represented the initial purchasers in connection with a Rule 144A offering of $600 million aggregate principal amount of 7.000% senior secured notes due 2033 by Pioneer OpCo, LLC. The firm also represented the lead arrangers in connection with a $1.75 billion term B credit facility and a $500 million revolving credit facility for Pioneer OpCo, LLC.

Proceeds from the offering and the credit facilities will be used to refinance existing indebtedness, to pay related fees and expenses and for general corporate purposes.

Pioneer OpCo, LLC owns and operates The Venetian Las Vegas, an integrated resort located on the Las Vegas Strip, featuring all-suite hotel rooms, gaming floors, convention and exhibition facilities and a broad set of dining and entertainment amenities.