MGM keeps promoting responsible gaming in NFL stadiums
Through a newly signed agreement with the American Gaming Association, MGM Resorts and BetMGM will continue running responsible gaming campaign at NFL stadiums.
Founded in...
MGM Resorts increases debt offering from $675m to $850m
MGM Resorts International plans to raise its debt sale from the initialy expected amount.
Founded in 1987, MGM Resorts is an American hospitality and entertainment company. Describing itself as a unique place with beautiful architecture, compelling design, and surprising elements, MGM Resorts is a place with whimsy and delight where guests can experience fun.
The new debt with a 6.125% interest rate will be repaid by 2029 and will give the company access to gain $842 million after all.
MGM stated:
“MGM Resorts International today announced that it has priced a public offering of $850,000,000 in aggregate principal amount of 6.125% senior notes due 2029 at par. The offering of notes was upsized from the originally announced aggregate principal amount of $675,000,000.”
The deal is expected to close on September 17, 2024. Half of the additional money will be used to close the company’s esixting debt and cover other financial fees, and another half will be used for general purposes, including short-term investments.
Earlier this summer, MGM Resorts has been expanding its footprint in the US, Macau, and Brazil.
FAQs
What does MGM Resorts do?
MGM Resorts is an American hospitality and entertainment company.
How much is MGM Resorts raising through the debt sale?
MGM Resorts initially planned to raise $675 million but has increased the amount to $850 million.
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MGM Resorts named its new board member
Keith Bar has joined the board of directors of MGM Resorts.
A 54-year-old American businessman and the former CEO of IHG Hotels & Resorts, Keith Bar has become the 12th...
