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August 27, 2014

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Las Vegas Sands aims to refinance $5 billion debt

Las Vegas Sands Corp. will seek to refinance about $5 billion of U.S. loans this year after opening its Singapore casino resort, Chief Operating Officer Michael Leven said.

The Las Vegas-based company may ask lenders to amend and extend loans late this year, Leven said today in an interview in New York. The company may offer to repay a portion of the debt, pay fees and negotiate a new interest rate in exchange for the modifications, he said. There were about 130 lenders in the company’s original loan group, Leven said.

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