MGM Resorts International (MGM): debt financing — MGM Q3 net loss $285M on $256M goodwill impairment; revs up 2% to $4.3B; adjusted EPS $0.24

On October 23, 2025, MGM Resorts International (the “Company”) entered into a secured credit agreement among the Company, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as Administrative Agent (the “Credit Agreement”). The Credit Agreement is comprised of a term loan facility (the “Term Loan Facility”) in an aggregate principal amount of JPY45.2 billion with an option to increase the aggregate amount up to JPY67.8 billion. The Term Loan Facility bears interest at a fluctuating rate per annum based on the Tokyo Interbank Offered Rate plus 1.75% until the submission of the covenant certificate for the quarter ending March 31, 2026 and thereafter at 1.50% to 2.25%, as determined by a rent adjusted total net leverage ratio pricing grid. The Term Loan Facility will mature in October, 2030, provided that if, as of February 9, 2029, the revolving loans or commitments under the Company’s existing senior secured credit facility remain outstanding and have n