Davis Polk advised the joint book-running managers in connection with a Rule 144A/Regulation S notes offering by Sands China Ltd. of $1.8 billion of its 4.600% senior notes due 2023, $1.8 billion of its 5.125% senior notes due 2025 and $1.9 billion of its 5.400% senior notes due 2028. Sands China intends to use the net proceeds from the offering to repay outstanding term loans under its existing credit facility 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 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 Ferrell Maguire Keel and Gina Y. Chen. The tax team included partner Michael Farber. The Hong Kong team included partner Gerhard Radtke and counsel Stephenie Fung. Members of the Davis Polk team are based in the New York and Hong Kong offices.

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