MGM China terminates $750M subordinated revolving loan facility from MGM Resorts

MGM Resorts International

Effective March 20, 2024, MGM China voluntarily canceled the entire $750M unutilized facility.
Facility was provided by parent MGM Resorts in Nov 2022 for working capital; no drawdowns occurred.
Cancellation driven by MGM China's revenue surge in 2023 on Macau recovery, eliminating need for facility.
No termination liability except commitment fee under original facility agreement.
MGM Resorts' commitment reduced by $750M; MGM China remains in strong cash position.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.