Las Vegas Sands $1.75 billion notes offering
The investment-grade notes are due 2027, 2029 and 2034
Davis Polk advised the representatives of the several underwriters in connection with the SEC-registered notes offering by Las Vegas Sands Corp. of $750 million of its 5.900% senior notes due 2027, $500 million of its 6.000% senior notes due 2029 and $500 million of its 6.200% senior notes due 2034. Las Vegas Sands intends to use the net proceeds from the offering to redeem in full its senior notes due 2024 and pay transaction-related fees and expenses.
Las Vegas Sands Corp. is the leading global developer and operator of destination properties that feature premium accommodations, world-class gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants and other amenities. Las Vegas Sands’ portfolio of properties includes Marina Bay Sands in Singapore and the Venetian Macao, the Plaza and Four Seasons Hotel Macao, the Londoner Macao, the Parisian Macao and Sands Macao in Macao SAR, China, through majority ownership in Sands China Ltd.
The Davis Polk capital markets team included partner Derek Dostal, counsel Chris Van Buren and associate Tomisin Ogunsanya. Partner Frank J. Azzopardi and associate Alexis N. Wallace provided intellectual property advice. Partner Mario J. Verdolini and associates Ben Silver and Alex Ang Gao provided tax advice. Counsel David A. Zilberberg and associate Timothy J. Sullivan provided environmental advice. All members of the Davis Polk team are based in the New York office.