Las Vegas Sands Corp. (NYSE: LVS) ("Sands" or the "Company") today announced the commencement of a proposed secondary public offering of $2 billion of shares of its common stock (the "Offering") by Dr. Miriam Adelson and The Miriam Adelson Trust (the "Selling Stockholders"). The Company will not receive any proceeds from the sale of the shares by the Selling Stockholders.

Goldman Sachs & Co. LLC and BofA Securities are acting as joint book-running managers for the Offering.

In connection with the Offering, the Selling Stockholders and certain related trusts are expected to enter into lock-up agreements for a period of 365 days from the pricing date of the Offering, during which time they will be restricted from engaging in certain transactions with respect to shares of the Company's common stock.

In addition, subject to the closing of the Offering, the Company intends to repurchase up to $250 million of the shares of common stock being offered in the Offering at the same per share price to be paid by the underwriters to the Selling Stockholders in the Offering (the "Share Repurchase"). The completion of the Share Repurchase is conditioned on, and is expected to close concurrently with, the closing of the Offering. The closing of the Offering is not conditioned on the completion of the Share Repurchase.