Las Vegas Sands Corp. (LVS) stated that as a result of its recent fundraising activities it has raised about $5 billion of combined debt and equity financing. Also, the company noted that one of its units, Sands China Ltd., was listed on the Stock Exchange of Hong Kong after completing an initial public offering or IPO that raised a total of $3.1 billion, comprising of the $2.5 billion listing and $600 million that was raised in a pre-IPO exchangeable bond financing transaction completed in September.
"With this public offering, in combination with our project financing efforts, we have already embarked on the initial stages of restarting the construction of our developments on the Cotai Strip and continuing the progress we have made in helping diversify Macau's economy and further establishing it as an international leisure and business destination," commented Sheldon Adelson, chairman and chief executive of Las Vegas Sands.
For comments and feedback: editorial@rttnews.com