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Stock impact report

MGM Resorts International Announces Proposed Senior Notes Offering

MGM Resorts International (MGM) 
Last mgm resorts international earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.mgmresorts.com
Company Research Source: PR Newswire
LAS VEGAS, April 23, 2020 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE:  MGM) today announced that it proposes to offer $500,000,000 in aggregate principal amount of senior notes due 2025.The Company intends to use the net proceeds from the offering of the notes, for general corporate purposes, including, without limitation, further increasing its liquidity position. Pending such use, the Company may invest the net proceeds in short-term interest-bearing accounts, securities or similar investments.The notes being offered will be general unsecured senior obligations of the Company, guaranteed by substantially all of the Company's wholly owned domestic subsidiaries that guarantee the Company's other senior indebtedness, and equal in right of payment with all existing or future senior unsecured indebtedness of the Company and each guarantor.J.P. Morgan Securities LLC, BofA Securities, Inc., Barclays Capital Inc., Citigroup Global Markets Inc., BNP Paribas Securities Co Show less Read more
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