Key Developments For Las Vegas Sands Corp.
Las Vegas Sands Corp. (LVS) (NYSE Arca)
Las Vegas Sands Corp. And China Minsheng Banking Corporation Ltd. Seeks Combined $7.35 Billion In Hong Kong Listing-Reuters
Reuters reported that Las Vegas Sands Corp. and China Minsheng Banking Corporation Ltd. have set the price range for their upcoming Hong Kong stock offerings, hoping to raise up to $7.35 billion combined. Las Vegas Sands seeks up to $3.35 billion through an initial public offering of shares in its Macau business. China Minsheng Banking Corp, plans to raise as much as $4.07 billion in its November Hong Kong listing. The two listings are hitting the Hong Kong IPO market at a delicate time. Las Vegas Sands is selling 1.87 billion shares at a price ranging from HKD10.38 to HKD13.88 per share. Minsheng is offering 3.32 billion shares, or 15% of its enlarged share capital.
Las Vegas Sands Corp. Gets Hong Kong Ok For $2 Billion Plus IPO For Its Macau Unit-Reuters
Reuters reported that Las Vegas Sands Corp. has received approval from the Hong Kong stock exchange listing committee to go ahead with its more than $2 billion IPO of its Macau unit.
Las Vegas Sands Corp. Declares Quarterly Dividend on Preferred Stock
Las Vegas Sands Corp. announced that its Board of Directors has declared a quarterly dividend payment of $2.50 per share on its 10% series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on October 30, 2009. The dividend payment will be made on November 16, 2009.
Las Vegas Sands Corp.'s Macau Assets IPO Possible By Late November-Reuters
Reuters reported that Las Vegas Sands Corp. is seeking to raise up to $2.5 billion by listing its Macau assets on the Hong Kong stock exchange, could launch its initial public offering by late November. The issue would follow Wynn Macau's market debut last week. The Company, which has hired Goldman Sachs and Barclays to handle the IPO, wants to have its listing hearing at the Hong Kong stock exchange by the end of October.
Las Vegas Sands Corp. Amends $5 Billion Credit Pact-DJ
Dow Jones reported that Las Vegas Sands Corp. said it reached an agreement that will allow it to repurchase up to $800 million of its outstanding loans, giving the company an additional financing option. In a filing with the Securities and Exchange Commission, Las Vegas Sands Corp. said it reached an agreement with its lenders to modify its $5 billion credit pact to allow such repurchases.
