Las Vegas Sands to sell $250 million 10-year notes Wednesday via Goldman

By Paul A. Harris

St. Louis, Feb. 1 - Las Vegas Sands Corp. expects to price a quick-to-market $250 million of 10-year senior notes (B2/B) on Wednesday, according to an informed source.

Price talk will be announced Wednesday morning, the source added.

The notes will be non-callable for five years.

Goldman Sachs & Co. is leading the Rule 144A offering. The syndicate also includes Lehman Brothers, Citigroup, JP Morgan, Merrill Lynch & Co., UBS Investment Bank and Scotia Capital.

The company will also obtain a $400 million amended term loan.

Proceeds will be used to fund the tender for the company's 11% mortgage notes due 2010.

The issuer is a Las Vegas-based hotel, gaming, resort and exhibition-convention company.

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