SANDS CHINA LTD (01928): Proposed Issuance of Senior Notes
SANDS CHINA LTD (01928) announces that the Company is pleased to announce its proposed offering of the Notes to professional investors. The completion of the proposed offering of the Notes is subject to market conditions and investor interest. Barclays Capital Inc., BofA Securities, Inc. and Goldman Sachs & Co. LLC have been appointed as joint bookrunners.
SANDS CHINA LTD (01928) announced that the Company is pleased to announce its proposal to offer the Notes to professional investors. The completion of the proposed offering of the Notes is subject to market conditions and investor interest. Barclays Capital Inc., BofA Securities, Inc. and Goldman Sachs & Co. LLC have been appointed as joint bookrunners.
If the Notes are issued, the Company intends to use the net proceeds from the Notes and cash on hand to fully redeem the outstanding principal amount of and any accrued interest on the US$700 million 2.300% 2027 Notes, repay the outstanding balance under the 2024 SCL Revolving Facility, and for general corporate purposes (including capital expenditures).
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