LAS VEGAS, Sept. 8, 2021 /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 and cash on hand to redeem in
full the outstanding principal amount of its US$1.80 billion 4.600% senior notes due 2023, any
accrued interest and the associated make-whole premium as
determined under the related senior notes indenture dated as of
August 9, 2018.
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") 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 preeminent developer and operator
of world-class Integrated Resorts. We deliver unrivaled economic
benefits to the communities in which we operate.
Sands 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, The
Londoner Macao and The Parisian Macao, as well as the Sands
Macao on the Macao Peninsula.
About Sands China
Sands China Ltd. (Sands China or the Company) is incorporated in
the Cayman Islands with limited
liability and is listed on The Stock Exchange of Hong Kong Limited
(HKEx: 1928). Sands China is the
largest operator of integrated resorts in Macao. The Company's integrated resorts on the
Cotai Strip comprise The Venetian® Macao, The Plaza® Macao, The Parisian Macao and The Londoner®
Macao. The Company also owns and
operates Sands® Macao on the
Macao peninsula. The Company's
portfolio features a diversified mix of leisure and business
attractions and transportation operations, including large meeting
and convention facilities; a wide range of restaurants; shopping
malls; world-class entertainment at the Cotai Arena, The Venetian
Theatre, The Parisian Theatre, the Londoner Theatre and the Sands
Theatre; and a high-speed Cotai Water Jet ferry service between
Hong Kong and Macao. The Company's Cotai Strip portfolio has
the goal of contributing to Macao's transformation into a world centre of
tourism and leisure. Sands China
is a subsidiary of global resort developer Las Vegas Sands Corp.
(NYSE: LVS).
For more information, please visit www.sandschina.com.
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.