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Las Vegas Sands Corp. will repay $1 billion of debt as part of a debt-refinancing plan.

The plan, unveiled earlier this year, will also extend the maturities by two years for three-fourths of a $3.9 billion total in outstanding loans.

Las Vegas Sands is "well positioned to pursue additional growth opportunities in emerging gaming markets" according to a statement made by Chairman and Chief Executive Officer Sheldon G. Adelson.

Las Vegas Sands got a rating upgrade to B by Standard & Poor's Ratings Services following the announcement. The rating jump also reflects the strong performance Las Vegas Sands has had in Macau and Singapore. However S&P expects gradual improvement in performance Sands for the next few years.

Las Vegas Sands $5.5 billion Marina Bay Sands casino opened earlier this year on Singapore's main waterfront to rave reviews, enhancing an already strong performance in Macau