Financing ·
Sands China proposes offering USD senior unsecured notes to redeem $700M in debt
LVSLas Vegas Sands Corp
Sands China Ltd., a majority-owned subsidiary of Las Vegas Sands Corp., announced its intention to offer USD-denominated senior unsecured notes. The principal amounts and interest rates are yet to be determined at pricing. Proceeds will fund the full redemption of $700 million outstanding in 2.300% senior notes due 2027, repay the 2024 SCL Revolving Facility balance, and support general corporate purposes including capital expenditures. The offering is non-binding and may not materialize as no binding agreement has been executed. Las Vegas Sands Corp. operates as a leading global developer and operator of integrated resorts.