Sands China has announced it has fully redeemed its US$1.8bn senior notes due in 2023 with an interest rate of 4.6 per cent.<\/p>\n\n\n\n\n\n\n\n
Macau.- Casino operator Sands China<\/strong> has announced that all outstanding 2023 notes have been redeemed in full in accordance with the terms and conditions of the indenture. The company has applied to The Stock Exchange of Hong Kong to withdraw the listing of the notes. That’s expected to become effective at the close of business on October 6. <\/p>\n\n\n\n Sands China<\/a> has recently listed US$1.95bn in senior notes. The operation was announced on September 10<\/a>, when the company said it had signed purchase agreements with Barclays Capital, Bank of America Securities and Goldman Sachs <\/strong>as representatives of the initial purchasers of the notes. <\/p>\n\n\n\n The procedure was divided into three tranches. The first consists of US$700m<\/strong>, an annual interest rate of 2.3 per cent, and a maturity date of March 2027. The second phase totals US$650m<\/strong>, with an interest rate of 2.85 per cent and expiry in March 2029. The third, US$600m<\/strong>, has an annual interest rate of 3.25 per cent, due in August 2031. <\/p>\n\n\n\n The company said it would use the money to redeem in full the outstanding principal amount of its US$1.80bn <\/strong>4.6 per cent senior notes due 2023.<\/p>\n","protected":false},"excerpt":{"rendered":" Sands China has announced it has fully redeemed its US$1.8bn senior notes due in 2023 with an interest rate of 4.6 per cent.<\/p>\n","protected":false},"author":176,"featured_media":18580,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Sands China has successfully completed the redemption of its US$1.8bn senior notes due 2023, simultaneously issuing US$1.95bn in new senior notes across three tranches with staggered maturities and lower interest rates. This strategic debt refinancing operation aims to optimize the company's capital structure and reduce its cost of debt. The company has also applied to withdraw the listing of the redeemed notes from The Stock Exchange of Hong Kong.","focusai_entities":"Sands China, The Stock Exchange of Hong Kong, Barclays Capital, Bank of America Securities, Goldman Sachs","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.8), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on Debt Service","query":"What is the projected annual interest expense reduction for Sands China following this refinancing, and how does it impact their free cash flow and operational liquidity?"},{"label":"Capital Structure Implications","query":"How does this refinancing operation alter Sands China's overall capital structure, and what are the implications for future debt-to-equity ratios and credit ratings?"}],"footnotes":""},"categories":[157,16338],"tags":[23906,21680],"class_list":["post-23086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau-casinos","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=23086"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23086\/revisions"}],"predecessor-version":[{"id":23126,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23086\/revisions\/23126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18580"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}