Las Vegas Sands China Unit Agrees to $3.5 Billion of Loans
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Las Vegas Sands Corp., the casino operator expanding in Macau and Singapore, said its China unit received commitments from banks for $3.5 billion of loans and has the option to raise another $1 billion.
The new credit facilities are expected to “significantly reduce” Sands China Ltd.’s interest expense and strengthen its financial flexibility, according to a statement to the Hong Kong stock exchange today. They will also help the company extend its debt maturities until 2016, it said.