Tuesday, October 23, 2012

MGM Resorts (MGM) China Subsidiary Enters $2B of Amended Facilities

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October 23, 2012 6:13 PM EDT
MGM Resorts International (NYSE: MGM) today announced that MGM China Holdings Limited, a 51%-owned subsidiary, has entered into an amended and restated Hong-Kong-Dollar-denominated senior credit facilities agreement in respect of facilities in an aggregate principal amount equivalent to US$2 billion. The facilities consist of a US$550 million equivalent term loan and US$1.45 billion equivalent revolving credit facility. The facilities amend and restate the existing US$950 million credit facilities of MGM Grand Paradise, S.A., in their entirety, and extend the term of those facilities for a five year period to October 29, 2017.
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Source: http://www.streetinsider.com/Corporate+News/MGM+Resorts+(MGM)+China+Subsidiary+Enters+$2B+of+Amended+Facilities/7812944.html

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