Las Vegas Sands unit Sands China prices $1.0 billion of senior notes
Sands China Ltd., Las Vegas Sands' majority-owned subsidiary, priced $700 million of 6.400% senior notes due 2032 and $300 million of 6.700% senior notes due 2033, with closing expected November 3, 2026. The company plans to use net proceeds of about $989 million, together with cash on hand, to redeem its $700 million 2.300% notes due 2027 and repay its 2024 SCL Revolving Facility balance, which refinances existing debt and adds new long-term borrowing at the subsidiary level.
Key points
- Priced $700 million of 6.400% senior notes due 2032 and $300 million of 6.700% senior notes due 2033
- Offering expected to close on November 3, 2026, subject to customary closing conditions
- Net proceeds of approximately $989 million plus cash on hand to redeem $700 million 2.300% notes due 2027 and repay the 2024 SCL Revolving Facility balance
- Notes are unregistered and offered only to professional and qualified institutional investors; Sands China proposes a Hong Kong Stock Exchange listing
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.