Davis Polk advised the joint book-running managers in connection with a Rule 144A/Regulation S notes offering by Sands China Ltd. of $800 million of its 3.800% senior notes due 2026 and $700 million of its 4.375% senior notes due 2030. Sands China intends to use the net proceeds from the offering for incremental liquidity and general corporate purposes.

Sands China, a subsidiary of Las Vegas Sands Corp., is a leading developer, owner and operator of integrated resorts and casinos in Macau. Sands China developed, owns and operates The Venetian Macao, Sands Cotai Central, 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 Macao’s largest entertainment venue, the Cotai Arena.

The Davis Polk capital markets team included partner Derek Dostal and associates Chris Van Buren and Dennis Chu. The tax team included counsel Ethan R. Goldman and associate Tomislava Dragicevic. The Hong Kong team included partner Gerhard Radtke, counsel Stephenie Fung and associate Lydia Leung. Members of the Davis Polk team are based in the New York and Hong Kong offices.

 

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