MGM Resorts provides $750M subordinated revolving loan facility to MGM China

MGM Resorts International

MGM Resorts agreed to provide MGM China a $750 million subordinated revolving loan facility.
Facility term is 24 months; interest rate is the greater of 4% per annum or prevailing market rate.
Loan underscores MGM's confidence in Macau's long-term growth and supports MGM China's working capital.
MGM Resorts beneficially owns about 56% of MGM China; transaction is exempt from HKSE shareholder approval.
Availability of facility bolsters MGM China's financial position for future funding needs.

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