Las Vegas Sands looks to get facility |
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Published
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Fri, 13 Apr 2007 15:30
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LAS VEGAS (AP) - Casino operator Las Vegas Sands Corp. said Friday that it plans to obtain a $5 billion domestic credit facility.The company said it will use proceeds to refinance existing domestic credit facilities, provide funding for current and future capital needs and for general corporate purposes.Las Vegas Sands said its first-quarter Las Vegas hotel revenue grew about 7 percent to approximately $96 million from $89.6 million in the year-ago period. Casino revenue climbed about 24 percent to approximately $120 million versus $97.1 million in the previous year.Shares of the company fell 6 cents to $86.30 during morning trading on the New York Stock Exchange.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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