Las Vegas Sands Corp. said Wednesday that it plans to raise up to $600 million in proceeds from an exchangeable bonds sale, as the casino operator looks to boost its liquidity.
The Sheldon Adelson-led company said it will be mandatory for the bonds to be exchanged into common stock of one of its units pending its Hong Kong IPO. A subsidiary of Las Vegas Sands submitted an application to the Hong Kong Stock Exchange for a potential listing late last month.
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