Sands China Ltd, through one of its
subsidiaries, has now secured project financing commitments of
US$1.75 billion, which will be used to complete the first two
phases of construction of the company’s largest integrated resort
on the Cotai Strip in Macau - featuring a combined 6,000 rooms and
suites from the Shangri-La, Traders, and Sheraton hotel brands.
The US$1.75 billion total reflects an
additional US$300 million of commitments secured since the company
originally announced the receipt of commitments for the financing
of the project. In addition to the project financing, US$500
million of the proceeds expected to be received when the global
offering of the company’s shares are listed on The Stock Exchange
of Hong Kong Limited will also be used to fund development and
construction of the project. The combined figures represent the
total amount of funding needed to complete the Shangri-La,
Traders, Sheraton integrated resort complex.
gratified that in committing this capital, the investment
community believes, as we always have, that Macau’s future as a
true leisure and business destination lies in the development of
the Cotai Strip and its ability to offer a critical mass of hotel
rooms, restaurants, retail, entertainment, and convention and
exhibition facilities,” said Mr. Sheldon G. Adelson, chairman of
Sands China Ltd. and its parent company Las Vegas Sands Corp.
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