---
schema_version: "secwatch.filing_event.v1"
accession: "0000789570-24-000007"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2024-03-20T23:59:59+00:00"
generated_at: "2026-06-04T12:33:52.236684+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000789570-24-000007
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2024-03-20T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000078957024000007/0000789570-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000078957024000007/mgm-20240320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789570-24-000007
- JSON: https://secwatch.observer/filing/0000789570-24-000007.json
- Plain text: https://secwatch.observer/filing/0000789570-24-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.