MGM issues $750M of 6.500% Senior Notes due 2032 to refinance existing debt

MGM Resorts International

Issued $750M aggregate principal of 6.500% Senior Notes maturing 2032.
Proceeds to repay outstanding 6.750% notes due 2025; net rate reduction.
Notes are senior unsecured, guaranteed by certain domestic subsidiaries.
Closing date: April 9, 2024; underwriting led by Deutsche Bank Securities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

MGM Resorts International entered into Indenture for 6.500% Senior Notes due 2032 with U.S. Bank Trust Company, National Association valued at $750,000,000 in aggregate principal amount of 6.500% Senior Notes due 2032 (effective 2024-04-09).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $750,000,000 in aggregate principal amount of 6.500% Senior Notes due 2032
Effective: 2024-04-09

Exact text from the filing

On April 9, 2024, MGM Resorts International (the “Company”) issued $750,000,000 in aggregate principal amount of its 6.500% Senior Notes due 2032 (the “Notes”).

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Source: SEC EDGAR

accession 0001193125-24-090830

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