---
schema_version: "secwatch.filing_event.v1"
accession: "0000789570-25-000013"
form_type: "8-K"
ticker: "MGM"
cik: "0000789570"
company_name: "MGM Resorts International"
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T14:06:00.043299+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MGM China enters HK$23.4B revolving credit facility; refinances existing debt

## Summary
- MGM China, majority-owned by MGM Resorts, signed a HK$23.4 billion unsecured revolving credit facility on April 15, 2025.
- Interest rate is HIBOR plus a margin of 1.625%-2.75%, determined by MGM China's leverage ratio.
- Proceeds will refinance existing senior unsecured facilities and fund working capital and general corporate purposes.
- Facility matures 60 months from signing; requires compliance with maximum leverage and minimum interest coverage ratios.
- Full prepayment required if MGM Resorts' ownership of MGM China falls below 50%.

## SEC filing metadata
- accession: 0000789570-25-000013
- form_type: 8-K
- ticker: MGM
- cik: 0000789570
- company_name: MGM Resorts International
- filed_at: 2025-04-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/789570/000078957025000013/0000789570-25-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/789570/000078957025000013/mgm-20250415.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000789570-25-000013
- JSON: https://secwatch.observer/filing/0000789570-25-000013.json
- Plain text: https://secwatch.observer/filing/0000789570-25-000013.txt

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