What changed
Sands China Ltd., majority-owned by Las Vegas Sands, intends to offer USD-denominated senior unsecured notes, with principal amounts and interest rates to be set at pricing. Net proceeds plus cash on hand will redeem in full the outstanding US$700 million 2.300% senior notes due 2027 and accrued interest, repay the outstanding balance on its 2024 SCL Revolving Facility, and fund general corporate purposes including capital expenditures. No binding agreement has been entered into, so the offering may or may not materialize. Sands China will seek a listing of the notes on the Hong Kong Stock Exchange.
Why it matters
Sands China Ltd., majority-owned by Las Vegas Sands, intends to offer USD-denominated senior unsecured notes, with principal amounts and interest rates to be set at pricing. Net proceeds plus cash on