Sands China Ltd. Has announced the pricing of US$1.8 billion of 4.60%senior notes due 2023, $1.8 billion of 5.125% senior notes due 2025 and $1.9 billion of 5.40% senior notes due 2028.
The offer, due to close on 9 August 2018, is expected to raise around US$5.46 billion which will be used to repay outstanding term loans under its existing credit facility and for general corporate purposes, including CAPEX, Sands China said.
The company is set to begin the transformation of Sands Cotai Central into The Londoner Macao in 2018 and has also been upgrading premium gaming and hotel facilities at both the Venetian Macao and the Parisian Macao.
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