secwatch.observer — SEC 8-K summary
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Issuer:     MGM Resorts International (MGM)
CIK:        0000789570
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0001193125-24-169064
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MGM China issues $500M of 7.125% senior notes due 2031; proceeds to repay revolver
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- Issuer is MGM China Holdings Limited, a consolidated subsidiary of MGM Resorts.
- $500M aggregate principal, 7.125% interest payable semi-annually, matures 2031.
- Net proceeds of approximately $493.1M to repay amounts under revolving credit facility.
- Notes have change-of-control put at 101% and special put option related to Macau gaming status.
- Issuer may redeem at make-whole premium before June 2027, then at declining premium.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789570/000119312524169064/0001193125-24-169064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789570/000119312524169064/d835555d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-169064

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