{"id":777026888,"date":"2025-05-26T08:09:42","date_gmt":"2025-05-26T11:09:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777026888"},"modified":"2026-04-21T22:39:33","modified_gmt":"2026-04-22T01:39:33","slug":"sands-china-to-redeem-us1-80bn-in-senior-unsecured-notes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sands-china-to-redeem-us1-80bn-in-senior-unsecured-notes","title":{"rendered":"Sands China to redeem US$1.80bn in senior unsecured notes"},"content":{"rendered":"\n

The company plans to exercise its option to redeem the 2025 notes in whole on June 11.<\/p>\n\n\n\n\n\n\n\n

Macau.- Sands China <\/strong>has announced its intention to exercise the option to redeem the remaining balance of its US$1.8bn in senior unsecured notes<\/strong>, which are due on August 8, on June 11 pending the closure of a financing deal. <\/p>\n\n\n\n

Sands China said that, at the close of business on May 22, the aggregate outstanding principal amount of the 2025 notes was US$1.63bn. The 2025 notes were made up of 5.125 per cent registered senior notes due August 8, 2025, and issued on January 29, 2019.<\/p>\n\n\n

\n
\"Sands<\/figure>\n<\/div>\n\n\n

For the first quarter of the year, Sands China<\/a> posted a net revenue of US$1.70bn, down 3.96 per cent in quarter-on-quarter terms<\/a> and 5.7 per cent when compared to last year. Net income was US$202m, down 32 per cent year-on-year<\/a>.<\/p>\n\n\n\n

The group\u2019s adjusted property earnings before interest, taxation, depreciation and amortisation (EBITDA<\/strong>) <\/strong>was US$535m, down 12.3 per cent in year-on-year terms. Capital expenditures totalled US$379m, including US$197m for construction, development and maintenance activities in Macau.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau GGR rises slightly in March<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The company plans to exercise its option to redeem the 2025 notes in whole on June 11.<\/p>\n","protected":false},"author":176,"featured_media":777025769,"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 intends to exercise its option to redeem the remaining US$1.63bn balance of its US$1.8bn senior unsecured notes due 2025 on June 11, contingent on a financing deal closure. This announcement follows a Q1 performance where net revenue reached US$1.70bn, a 3.96% QoQ decline, with net income down 32% YoY to US$202m and adjusted property EBITDA at US$535m.","focusai_entities":"Sands China","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Financing Deal Details?","query":"What are the specific terms and nature of the pending financing deal that will facilitate the redemption of Sands China's 2025 notes?"},{"label":"Impact on Leverage?","query":"How will this early debt redemption impact Sands China's leverage ratios, cost of capital, and future capital allocation strategy?"}],"footnotes":""},"categories":[16338,163],"tags":[29,24619,21680],"class_list":["post-777026888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-finance","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026888","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=777026888"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026888\/revisions"}],"predecessor-version":[{"id":777026902,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777026888\/revisions\/777026902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777025769"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777026888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777026888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777026888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}