Macau’s Sands China plans to offer dollar-denominated notes

By Rebecca Melvin

New York, July 26 – Sands China Ltd., a majority owned subsidiary of Las Vegas Sands Corp., plans to offer U.S. dollar-denominated notes (BBB-) under Rule 144A and Regulation S, according to a news release.

Barclays, Goldman Sachs & Co. LLC and BofA Merrill Lynch are joint bookrunners of the deal.

The company plans to use the proceeds to repay outstanding senior secured term loans under a credit facility and for general corporate purposes, including capital expenditures. Sands China also plans to replace its existing VML revolver with a new unsecured revolver at Sands China.

Based in Macau, Sands China is a resort developer and operator in Macau and a subsidiary of Las Vegas Sands.

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