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Published on 11/21/2019 in the Prospect News Investment Grade Daily.

New Issue: Las Vegas Sands prices $500 million 2.9% five-year senior notes

By Cristal Cody

Tupelo, Miss., Nov. 21 – Las Vegas Sands Corp. priced $500 million of 2.9% senior notes (Baa3/BBB-/BBB-) due 2025 in a registered offering on Thursday, according to a news release.

The bookrunners were Barclays, BofA Securities, Inc., Goldman Sachs & Co. LLC, BNP Paribas Securities Corp., Fifth Third Securities Inc., Scotia Capital (USA) Inc. and SMBC Nikko Securities America Inc.

Proceeds will be used for general corporate purposes.

Las Vegas Sands is a Las Vegas-based developer and operator of integrated resorts.

Issuer:Las Vegas Sands Corp.
Amount:$500 million
Description:Senior notes
Maturity:2025
Bookrunners:Barclays, BofA Securities, Inc., Goldman Sachs & Co. LLC, BNP Paribas Securities Corp., Fifth Third Securities Inc., Scotia Capital (USA) Inc. and SMBC Nikko Securities America Inc.
Coupon:2.9%
Trade date:Nov. 21
Settlement date:Nov. 25
Ratings:Moody’s: Baa3
S&P: BBB-
Fitch: BBB-
Distribution:SEC registered

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