---
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"
generated_at: "2026-06-25T12:58:20.508235+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MGM closes $1.625B acquisition of Cosmopolitan Las Vegas operating assets; enters 30-year lease with $200M annual rent

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-153120
- JSON: https://secwatch.observer/filing/0001193125-22-153120.json
- Plain text: https://secwatch.observer/filing/0001193125-22-153120.txt

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