LAS VEGAS, June 1, 2020 /PRNewswire/ -- Las Vegas Sands
Corp. (NYSE: LVS) today announced that its majority owned
subsidiary, Sands China Ltd. ("Sands China"), intends to offer
USD-denominated senior unsecured notes. The principal amounts,
interest rates and other key terms of the offering will be
determined at the time of pricing.
Sands China intends to use the
net proceeds from the offering for incremental liquidity and
general corporate purposes.
The notes have not been registered under the Securities Act of
1933, as amended (the "Securities Act"), or the securities laws of
any other jurisdiction, and may be offered and sold only to
professional investors (as defined in Chapter 37 of the Rules
Governing the Listing of Securities on The Stock Exchange of Hong
Kong Limited ("Hong Kong Listing Rules") and in the Securities and
Futures Ordinance (Cap. 571 of the Laws of Hong Kong) that are qualified institutional
buyers (in reliance on Rule 144A under the Securities Act) and/or
non-U.S. Persons outside the United
States (in reliance on Regulation S under the Securities
Act). None of the notes will be offered or sold to the public in
Hong Kong and none of the notes
will be placed to any connected person (as defined in the Hong Kong
Listing Rules) of Sands China.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any securities, nor shall there be
any sales of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
Sands China proposes to seek a
listing of the notes on the Hong Kong Stock Exchange and has
received an eligibility letter from the Hong Kong Stock Exchange
for the listing of the notes. Admission of the notes to the Hong
Kong Stock Exchange is not to be taken as an indication of the
merits of Sands China or the notes.
As no binding agreement in relation to the proposed offering of
notes has been entered into as at the date of this press release,
the proposed offering of notes may or may not materialize.
Investors and shareholders of Las Vegas Sands Corp. and Sands China
are urged to exercise caution when dealing in the securities of Las
Vegas Sands Corp. and Sands China.
About Las Vegas Sands Corp. (NYSE: LVS)
Las Vegas Sands is the world's pre-eminent developer and
operator of world-class Integrated Resorts. We deliver unrivaled
economic benefits to the communities in which we operate.
LVS created the meetings, incentives, convention and exhibition
(MICE)-based Integrated Resort. Our industry-leading Integrated
Resorts provide substantial contributions to our host communities
including growth in leisure and business tourism, sustained job
creation and ongoing financial opportunities for local small and
medium-sized businesses.
Our properties include The Venetian Resort and Sands Expo in
Las Vegas and the iconic
Marina Bay Sands in Singapore. Through majority ownership in Sands
China Ltd., we have developed the largest portfolio of properties
on the Cotai Strip in Macao,
including The Venetian Macao, The Plaza and Four Seasons Hotel
Macao, Sands Cotai Central and The Parisian Macao, as well as the
Sands Macao on the Macao Peninsula.
About Sands China
Headquartered in Macao, Sands
China Ltd. (HKEx: 1928) is the leading developer, owner and
operator of large-scale Integrated Resorts in Macao. In 2019, Sands China served
approximately 98 million leisure and business visits at its
properties on Cotai and on the Macao peninsula. Sands China developed, owns and operates The
Venetian Macao, Sands Cotai Central, The Parisian Macao, The Plaza
Macao and Sands Macao. Sands China
also owns Cotai Expo, one of the largest convention and exhibition
centers in Asia, as well as
Macao's largest entertainment
venue, the Cotai Arena. Sands China properties collectively feature over
11,700 luxury suites and hotel rooms, more than 150 different
restaurants and food outlets, spas and theaters for live
performances, as well as other integrated resort amenities.
Contacts:
Investment Community:
Daniel Briggs
(702) 414-1221
Media:
Ron Reese
(702) 414-3607
Cautionary Note Regarding Forward-looking Statements
This press release contains forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties
or other factors, which may cause material differences in actual
results, performance or other expectations. These factors include,
but are not limited to, current market demand for these types of
securities and the securities of Sands China, Sands China's ability
to consummate the offering in the currently anticipated timeframe
or at all, and the negotiations between Sands China and the initial
purchasers. Forward-looking statements in this press release are
based on information available to Sands China and Las Vegas Sands
at this time and each of Sands China and Las Vegas Sands assumes no
obligation to update such information.
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SOURCE Las Vegas Sands Corp.