MGM CFO Says Yesterday, We Closed On An Amendment And Extension To Our Senior Secured Credit Facility, Providing Us With $610M In Additional Capacity And Extending The Maturity By Over Two Years To 2029
Portfolio Pulse from Benzinga Newsdesk
MGM's CFO announced the successful amendment and extension of their senior secured credit facility, increasing their financial capacity by $610 million and extending the maturity date to 2029. This strategic financial maneuver enhances MGM's liquidity and financial flexibility, potentially impacting its short-term stock performance.
February 13, 2024 | 9:18 pm
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MGM's CFO has successfully negotiated an amendment and extension to their senior secured credit facility, providing an additional $610 million in capacity and extending the maturity to 2029. This move strengthens MGM's financial position.
The successful amendment and extension of MGM's senior secured credit facility directly impacts the company by enhancing its liquidity and financial stability. The additional $610 million in capacity and the extension of the maturity date to 2029 are likely to be viewed positively by investors, potentially leading to a short-term increase in MGM's stock price. The move indicates strong financial management and strategic planning, which can instill confidence in investors and positively influence the stock's performance.
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