9:26 am - Thursday May 17, 2012

Las Vegas Sands To Cut Debt By $1 Bln Under Plan

Las Vegas Sands Corp. (LVS) plans to repay $1 billion of debt in conjunction with its debt-refinancing plan unveiled earlier this year as the casino operator also extends the maturities of about three-quarters of its $3.9 billion in outstanding U.S. loans by two years.

Shares rose 1.4% to $30.18 in recent trading. The stock has more than doubled this year.

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