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Las Vegas Sands to increase term loan by $1.35B

Casino and resorts operator Las Vegas Sands Corp. said June 7 it entered into an amendment agreement to increase the amount of its U.S. term loan by $1.35 billion.

The company plans to use the proceeds to support its share repurchase program and for general corporate purposes.

In addition, Las Vegas Sands' board authorized an increase in the company's share buyback program to $2.52 billion from $1.56 billion. They also extended the expiration date.