SANDS CHINA ANNOUNCES PRICING OF $1.0 BILLION OF SENIOR UNSECURED NOTES
Las Vegas Sands' majority-owned subsidiary Sands China priced $1.0 billion of senior unsecured notes: $700 million at 6.400% due 2032 and $300 million at 6.700% due 2033. Net proceeds of roughly $989 million plus cash on hand will redeem the full US$700 million of 2.300% notes due 2027, repay the 2024 SCL Revolving Facility, and fund general corporate purposes including capex.
Key figures
- Deal Value Usd
- 1000000000
- Tranche 1
- $700 million 6.400% senior notes due 2032
- Tranche 2
- $300 million 6.700% senior notes due 2033
- Net proceeds
- $989 million
- Redeemed notes
- US$700 million 2.300% senior notes due 2027
AI analysis
Red flags1 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.