Wednesday, October 05, 2022

MGM China issues senior notes to pay down debt


MGM China Holdings has announced the issuance of $750 million in aggregate principal amount of 5.875 percent senior notes due 2026,  as well as an upsized offering of $750 million in aggregate principal amount of 5.375% senior notes due 2024.

According to a company filing, MGM said it expects to see net proceeds of around $1.48 billion from the notes offering, and intends to use the proceeds to repay part of the outstanding amount of a revolving credit facility and term loan facility under the MGM China Credit Facility.

The offering is expected to close on May 16, 2019, subject to customary closing conditions.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief