Las Vegas Sands to Redeem Its Outstanding 6.375% Senior Notes
Las Vegas Sands Corp. (NYSE: LVS) announced today that it has elected to redeem all of its outstanding 6.375% Senior Notes due February 2015. The Senior Notes, which have an outstanding principal balance of $189.7 million, will be redeemed on March 28, 2012 at 101.063% of the principal amount plus accrued interest. Following the redemption of the Notes, the company expects to realize annual interest savings of approximately $12 million.
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