Sands China Secures More Financing for Macau Project

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.

“We feel 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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