Slaughter and May, Hong Kong, advised Sands China Ltd. on the deal, while Davis Polk advised the joint book-running managers.
Sands China Ltd. (Sands China) announced its issue of US$1.95 billion senior notes listed on the Hong Kong Stock Exchange, comprising US$700 million 2.300% senior notes due 2027, US$650 million 2.850% senior notes due 2029, US$600 million 3.250% senior notes due 2031. The ‘professional investors only’ senior notes are listed on the Hong Kong Stock Exchange.
The joint bookrunning managers in respect of the senior notes issue are Barclays Capital Inc., BofA Securities, Inc. and Goldman Sachs & Co. LLC.
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. Sands China developed, owns and operates The Venetian Macao, The Londoner Macao (previously 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 12,000 luxury suites and hotel rooms, more than 150 different restaurants and food outlets, spas and theatres for live performances, as well as other integrated resort amenities.
Slaughter and May’s team included Jason Webber (Picture) Partner, Justin Chan, Associate, Kevin Tso, Associate, Adrian Chan, Associate, Clement Kwok, Trainee and Jennifer Ho, Trainee.
The Davis Polk capital markets team included partner Derek Dostal and associates Chris Van Buren and Lincoln Jim. The tax team included partner Mario J. Verdolini and associate April Filtz. The Hong Kong team included partner Gerhard Radtke and associate Jennifer Liu.
Involved fees earner: Derek Dostal – Davis Polk & Wardwell; April Filtz – Davis Polk & Wardwell; Lincoln Jim – Davis Polk & Wardwell; Jennifer Liu – Davis Polk & Wardwell; Gerhard Radtke – Davis Polk & Wardwell; Chris Van Buren – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; Adrian Chan – Slaughter and May; Justin Chan – Slaughter and May; Kevin Tso – Slaughter and May; Jason Webber – Slaughter and May;