Las Vegas Sands Repays $1 Billion in Debt

Las Vegas Sands makes a debt payment of $1 billion.
Author:
Publish date:

NEW YORK (

TheStreet

) --

Las Vegas Sands

(LVS) - Get Report

announced on Wednesday that it will repay $1 billion in debt.

The news comes after the casino operator amended its credit facility, which extends 75% of Las Vegas Sands' $3.9 billion in term loans and pushes its maturity to 2015 and 2016.

Las Vegas Sands said $980 million in loans that weren't extended will still come due in 2013 and 2014. More than $530 million in revolving credits were extended to 2014.

According to Las Vegas Sands, this payment will give the company the ability to further grow its business in emerging gaming markets.

-- Reported by Jeanine Poggi in New York.

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.