MGM Resorts Prices Public Offering Of $750M In Aggregate Principal Amount Of 6.500% Senior Notes Due 2032 At Par
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts has announced a public offering of $750 million in aggregate principal amount of 6.500% senior notes due 2032, priced at par. The transaction is slated to close on April 9, 2024, pending customary closing conditions.

March 25, 2024 | 8:38 pm
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NEUTRAL IMPACT
MGM Resorts' public offering of $750M in senior notes could impact its financial structure and potentially its stock price.
The announcement of a significant public offering of senior notes by MGM Resorts is a strategic financial move. While it indicates the company's ability to raise capital, the impact on the stock price is uncertain in the short term. The offering could be seen positively as it provides the company with capital for growth or negatively if investors are concerned about increased debt levels.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90