We advised the joint book-running managers on the offering

Davis Polk advised the joint book-running managers in connection with a Rule 144A/Regulation S notes offering by Sands China Ltd. of $700 million of its 6.400% senior notes due 2032 and $300 million of its 6.700% senior notes due 2033. Sands China intends to use the net proceeds from the offering to redeem in full its 2.300% notes due 2027, repay the outstanding 2024 SCL Revolving Facility balance and for general corporate purposes, including capital expenditures.

Sands China, a subsidiary of Las Vegas Sands Corp., is a leading developer, owner and operator of multi-use integrated resorts and casinos in Macao. Sands China developed, owns and operates The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza Macao and Sands Macao. It also owns Cotai Expo, one of the largest convention and exhibition centers in Asia, as well as one of Macao’s largest entertainment venues, the Venetian Arena.

The Davis Polk capital markets team included partner Derek Dostal and associates Hope Goimarac and Jisoo Kim. The tax team included counsel Tracy L. Matlock and associate Michael Hsieh. All members of the Davis Polk team are based in the New York office.

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