Sands China Limited (01928): Proposed issuance of senior notes

Zhitongcaijing · 1d ago

Zhitong Finance App News, Sands China Co., Ltd. (01928) issued an announcement. The company is pleased to announce its proposal to submit sales notes to professional investors. The completion of the proposed bill of sale depends on market conditions and investors' intentions. Barclays Capital Inc., BofA Securities, Inc. and Goldman Sachs & Co. LLC has been appointed as a joint bookkeeper.

If the notes are issued, the Company intends to use the net proceeds of the notes and cash on hand to redeem all of the $700 million 2.300% of the outstanding principal amount of the 2027 notes and any accrued interest, repay the outstanding balance of SCL revolving finance in 2024, and use them for general business purposes (including capital expenses).