Sands China Ltd.’s US$5.5 billion senior notes offering

Slaughter and May has advised Sands China Ltd. in relation to its issue of US$5.5 billion senior notes listed on the Hong Kong Stock Exchange, comprising US$1.8 billion 4.6000% senior notes due 2023, US$1.8 billion 5.125% senior notes due 2025 and US$1.9 billion 5.400% senior notes due 2028.

The joint bookrunning managers in respect of the senior notes issue are Barclays Capital Inc., Goldman Sachs & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

Sands China is listed on the Main Board of the Hong Kong Stock Exchange and a subsidiary of Las Vegas Sands Corp., a company listed on the New York Stock Exchange. Headquartered in Macao, Sands China is the leading developer, owner and operator of large-scale Integrated Resorts in Macao. In 2017, Sands China served over 92 million leisure and business visits at its properties on Cotai and on the Macao peninsula. Sands China developed, owns and operates The Venetian Macao, Sands Cotai Central, The Parisian Macao, The Plaza Macao and Sands Macao. Sands China also owns Cotai Expo, one of the largest convention and exhibition centers in Asia, as well as Macao’s largest entertainment venue, the Cotai Arena. Sands China properties collectively feature over 12,500 luxury suites and hotel rooms, nearly 150 different restaurants and food outlets, spas and theaters for live performances, as well as other integrated resort amenities.

Slaughter and May acted on the deal with a team led by Jason Webber (partner) and Roger Cheng (partner, in picture), alongside Justin Chan (associate) and Kevin Tso (associate).

 

Involved fees earner: Roger Cheng – Slaughter and May; Jason Webber – Slaughter and May; Justin Chan – Slaughter and May; Kevin Tso – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Sands China Ltd.;