Sands China Plans to Issue Senior Notes

Stock News10-28 07:30

According to an announcement from Zhitong Finance APP, SANDS CHINA LTD (01928) has issued a statement through the Hong Kong Stock Exchange. On October 27, 2026, New York time, the Company entered into a purchase agreement with Barclays Capital Inc., BofA Securities, Inc., and Goldman Sachs & Co. LLC, acting as representatives of the initial purchasers, regarding the issuance of notes.

The board of directors believes that the notes offering will extend the Company's debt maturity profile and further strengthen the Group's liquidity position.

The Company estimates that the net proceeds from the notes offering will be approximately US$989 million.

The Company intends to use the net proceeds from the notes offering together with cash on hand to fully redeem the outstanding principal amount of the US$700 million 2.300% 2027 notes and any accrued interest, to repay the outstanding balance under the 2024 SCL revolving facility, and for general corporate purposes, including capital expenditures.

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