LAS VEGAS, June 2, 2020 /PRNewswire/ -- Las Vegas Sands
Corp. (NYSE: LVS) today announced that its majority owned
subsidiary, Sands China Ltd. ("Sands China"), has priced
$800 million of 3.800% senior notes
due 2026 and $700 million of 4.375%
senior notes due 2030. The offering is expected to close on
June 4, 2020, subject to customary
closing conditions.
Sands China intends to use the
net proceeds of approximately $1.49 billion 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 have been or will be offered or sold to the
public in Hong Kong and none of
the notes have been or 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.
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.