SANDS CHINA LTD (01928) intends to exercise the option to redeem all 2025 notes.
Sands China Limited (01928) issued an announcement stating that the company plans to hold its annual general meeting on June 11, 2025 (US time)...
SANDS CHINA LTD (01928) announced that it intends to exercise its option to redeem all of its 2025 notes (5.125% Senior Notes due on August 8, 2025) in accordance with the terms and conditions of the 2025 note agreement on June 11, 2025 (U.S. time) (redemption date).
As of the close of business on May 22, 2025 (the last practicable date before the publication of this announcement), the total outstanding principal amount of the 2025 notes issued is $1.63 billion.
After the redemption of all 2025 notes, there will no longer be any outstanding 2025 notes. Therefore, the company will apply to the Hong Kong Stock Exchange to delist the 2025 notes after the redemption date.
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