{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-153120","form_type":"8-K","ticker":"MGM","cik":"0000789570","company_name":"MGM Resorts International","filed_at":"2022-05-17T23:59:59+00:00","discovered_at":"2026-05-14T18:04:03.710760+00:00","generated_at":"2026-06-25T12:58:20.508235+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MGM closes $1.625B acquisition of Cosmopolitan Las Vegas operating assets; enters 30-year lease with $200M annual rent","bullets":["Acquired 100% of operating component of The Cosmopolitan of Las Vegas for $1.625B plus customary purchase price adjustments.","Lease with Marker LV Propco LLC: 30-year initial term, three 10-year renewal options, initial base rent of $200M per annum.","Rent escalates 2% annually for first 15 years, then greater of 2% or CPI (capped at 3%) thereafter.","MGM guaranteed Opco's lease obligations; lease requires specified capex spending as % of net revenues over rolling five-year period.","Transaction closed on May 17, 2022; Opco, NP1HK, NP1 Pegasus become wholly-owned subsidiaries of MGM."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-153120","json":"https://secwatch.observer/filing/0001193125-22-153120.json","markdown":"https://secwatch.observer/filing/0001193125-22-153120.md","text":"https://secwatch.observer/filing/0001193125-22-153120.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/789570/000119312522153120/0001193125-22-153120-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/789570/000119312522153120/d467458d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T12:58:20.508235+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}