Sands China Completes $1 Billion Senior Notes Offering
Filed with the SEC on · Summarized by InvestorsBot
Las Vegas Sands’ majority-owned subsidiary Sands China completed a private offering of $700 million of 6.400% senior notes due 2032 and $300 million of 6.700% senior notes due 2033. Sands China plans to use the proceeds and cash on hand to redeem its $700 million of 2.300% notes due 2027, repay its 2024 revolving facility and fund general corporate purposes, including capital expenditures; the new notes are senior unsecured obligations and will be listed in Hong Kong.