secwatch / observer
8-K filed February 14, 2024, 6:59 PM ET ticker MGM CIK 0000789570
debt confidence high sentiment neutral materiality 0.55

MGM Resorts International (MGM): debt financing — MGM Resorts increases revolver to $2.285B and extends maturity to 2029

MGM Resorts International

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 1.0

MGM Resorts International amended revolving credit of from $1.675 billion to $2.285 billion with Bank of America, N.A. maturing November 24, 2026 to February 9, 2029.

Instrument
revolving credit
Principal
from $1.675 billion to $2.285 billion
Counterparty
Bank of America, N.A.
Maturity
November 24, 2026 to February 9, 2029
Event
amendment
Exact text from the filing
The Amendment increases the amount of revolving commitments from $1.675 billion to $2.285 billion and extends the maturity date from November 24, 2026 to February 9, 2029.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MGM Resorts International amended Second Amendment to Credit Agreement with Bank of America, N.A., as Administrative Agent valued at $1.675 billion to $2.285 billion (effective 2024-02-09).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A., as Administrative Agent
Value
$1.675 billion to $2.285 billion
Effective
2024-02-09
Exact text from the filing
On February 9, 2024, MGM Resorts International (the “Company”) entered into a Second Amendment to Credit Agreement among the Company, the lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent (the “Amendment”). The Amendment increases the amount of revolving commitments from $1.675 billion to $2.285 billion and extends the maturity date from November 24, 2026 to February 9, 2029.
View on SEC.gov

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MGM Resorts International filing history →

Source: SEC EDGAR
accession 0001193125-24-034495
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