MGM Resorts Prices Public Offering Of $850M Of 6.125% Senior Notes Due 2029 At Par
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts has increased its public offering of senior notes from $675 million to $850 million, with a 6.125% interest rate due in 2029. The transaction is expected to close on September 17, 2024, pending customary conditions.
September 03, 2024 | 8:19 pm
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MGM Resorts has increased its senior notes offering to $850 million, indicating strong demand or strategic financial planning. The notes carry a 6.125% interest rate and are due in 2029.
The upsizing of the notes offering suggests strong investor demand or a strategic decision by MGM Resorts to raise more capital. This could be seen positively by investors as it may indicate confidence in the company's financial health and future prospects.
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