Recent Updates — LVS
Sands China Ltd., a majority-owned subsidiary of Las Vegas Sands Corp., priced $700 million of 6.400% senior notes due 2032 and $300 million of 6.700% senior notes due 2033 on October 27, 2026. The offering is expected to close on November 3, 2026, subject to customary conditions. Sands China intends to use the net proceeds of approximately $989 million, along with cash on hand, to redeem in full its outstanding US$700 million 2.300% senior notes due 2027 and any accrued interest, repay the outstanding balance on its 2024 SCL Revolving Facility, and fund general corporate purposes including capital expenditures. Las Vegas Sands Corp. is a leading global developer and operator of integrated resorts.
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.
Las Vegas Sands reported third-quarter net revenue of $3.22 billion, down from $3.33 billion in the prior year period. Net income fell to $352 million from $491 million, with diluted earnings per share declining to $0.48 from $0.61. Consolidated adjusted property EBITDA was $1.12 billion compared to $1.34 billion a year ago. The company repurchased $950 million of common stock during the quarter and announced a 20% increase in its recurring annual dividend, raising it to $1.44 per share ($0.36 per quarter). Las Vegas Sands is the leading global developer and operator of integrated resorts.
Las Vegas Sands Corp. reported second quarter 2026 financial results, including net revenue of $3.15 billion and net income of $373 million, compared to $3.18 billion and $519 million in the prior year quarter. Consolidated adjusted property EBITDA was $1.12 billion, down from $1.33 billion in Q2 2025. The company repurchased $787 million of common stock during the quarter and its Board of Directors authorized an increase in the share repurchase program to $6.0 billion, extending the expiration to July 21, 2029. The company also announced a quarterly dividend of $0.30 per share, payable on August 12, 2026, to stockholders of record as of August 4, 2026. Las Vegas Sands Corp. is a global developer and operator of integrated resorts.