Sands China Ltd., a majority-owned subsidiary of Las Vegas Sands Corp., has completed a private offering of senior unsecured notes totaling $1.0 billion. The proceeds are intended for refinancing existing debt, repaying a revolving credit facility, and for general corporate purposes.
Key Details
- Offering Breakdown: The offering consists of two series: $700 million of 6.400% Senior Notes due 2032 and $300 million of 6.700% Senior Notes due 2033.
- Use of Proceeds: Net proceeds will be used to redeem $700 million of 2.300% senior notes due 2027, repay the outstanding balance on its 2024 SCL Revolving Facility, and for general corporate purposes, including capital expenditures.
- Terms: The notes are general senior unsecured obligations of Sands China and are not guaranteed by any of its subsidiaries. The offering was completed on November 3, 2026.