debt
confidence high
sentiment neutral
materiality 0.50
MGM issues $850M of 6.125% senior notes due 2029 to refinance existing debt
MGM Resorts International
- Issued $850M aggregate principal of 6.125% Senior Notes due 2029 on Sept 17, 2024.
- Proceeds to repay outstanding 5.750% senior notes due 2025 and transaction fees; remainder for general corporate purposes.
- Notes are guaranteed on a senior basis by certain domestic subsidiaries, excluding foreign and some domestic subs.
- Offering made under existing shelf registration; underwriting agreement with BofA Securities as representative.