Las Vegas Sands Announces Proposed Senior Notes Offering by Sands China Ltd.

Overview of Filing

On October 26, 2026, Las Vegas Sands Corp. (NYSE: LVS) submitted a Current Report on Form 8-K under Item 8.01 (Other Events) to announce a proposed debt offering by its majority-owned subsidiary, Sands China Ltd.

Key Details

• Issuer: Sands China Ltd. (HKEx: 1928), majority-owned by Las Vegas Sands Corp.
• Instrument: USD-denominated senior unsecured notes, subject to market and other conditions.
• Pricing & Terms: Principal amounts, coupon rates, and maturity terms will be established at the time of pricing.
• Listing: Sands China has received an eligibility letter from the Hong Kong Stock Exchange regarding the listing of the notes.

Use of Proceeds

Sands China intends to use the net proceeds, along with cash on hand, to:

1. Redeem in full its outstanding $700 million 2.300% senior notes due 2027, including any accrued and unpaid interest.
2. Repay outstanding borrowings under its 2024 SCL Revolving Facility.
3. Fund general corporate purposes, including capital expenditures.

Market Impact & Significance

• Trading Significance: Low.
• This transaction is a liability management and refinancing exercise aimed at addressing near-term debt maturities (2027 notes) and restoring liquidity under Sands China's credit facility. Because it replaces existing debt rather than significantly increasing net leverage or diluting equity holders, the direct impact on $LVS common stock is expected to be neutral to modestly positive from an interest-rate and maturity-extension perspective.