Sands China Ltd, the Macau-facing subsidiary of Las Vegas Sands Corp, has completed full redemption of US$1.63 billion in outstanding notes due 2025.
In a filing, the company confirmed that the notes were redeemed in full on 11 June and that there are therefore no outstanding 2025 Notes, with withdrawal of their listing from the Hong Kong Stock Exchange expected to become effective on 20 June.
Sands China had announced in May its plans to redeem the notes in full, subject to the closing of a financing transaction to provide sufficient funds. This funding would include the drawing down of its 2024 term loan facility and/or the use of internal cash resources.
Sands China, which operates five resorts in Macau – The Londoner Macao, The Parisian Macao, The Venetian Macao, The Plaza Macao and Sands Macao – recently reported total net revenues of US$1.70 billion and net income of US$202 million in 1Q25.
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