Aug 20 2010
$1 Billion in Debt Will Be Paid
The Las Vegas Sands Corp has recently reported that they will pay more than $1 billion in outstanding debt.
Las Vegas Sands Chairman and Chief Executive Officer Sheldon G. Adelson said:”We are pleased to announce that we are paying down over $1 billion of debt, which significantly advances our deleveraging strategy.”
He also commented: “Additionally, the successful execution of this amendment has extended our debt maturities at favorable interest rates, strengthened our balance sheet, meaningfully enhanced our liquidity and leaves our company well positioned to pursue additional growth opportunities in emerging gaming markets.”
