Financing ·
Subsidiary completes $1.0B private offering of 6.4% notes due 2032 and 6.7% notes due 2033
LVSLas Vegas Sands Corp
Sands China Ltd., a majority-owned subsidiary of Las Vegas Sands Corp., completed its previously announced private offering of two series of senior unsecured notes in an aggregate principal amount of $1.0 billion. The issuance consists of $700 million of 6.400% Senior Notes due January 2032 and $300 million of 6.700% Senior Notes due November 2033. Sands China intends to use the net proceeds, along with cash on hand, to redeem in full its outstanding $700 million 2.300% senior notes due 2027 and repay the balance on its 2024 SCL Revolving Facility. The remaining funds are designated for general corporate purposes, including capital expenditures. Las Vegas Sands Corp. operates global integrated resort properties in Macau, Singapore, and Las Vegas.