Las Vegas Sands holds fixed income investor calls for three-part offering of dollar notes

By Cristal Cody

Tupelo, Miss., July 25 – Las Vegas Sands Corp. is holding fixed income investor calls through Friday for a dollar-denominated three-tranche offering of senior notes (Baa3/BBB-/BBB-), according to a market source.

Barclays, BofA Securities Inc. and Goldman Sachs & Co. LLC are the arrangers on the investor calls started Thursday.

Bookrunners on the bond offering also include BNP Paribas Securities Corp., Fifth Third Securities Inc., Scotiabank and SMBC Nikko Securities America Inc.

The registered notes will have a fixed-rate coupon.

Proceeds from the offering will be used to repay a term loan B and related fees and expenses.

Any excess proceeds would be used for general corporate purposes.

Las Vegas Sands is a Las Vegas-based developer of multi-use integrated resorts.

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