WASHINGTON (dpa-AFX) - MGM Resorts International (MGM) announced that it has priced $850 million in aggregate principal amount of its 8.625% senior notes due 2019 at par. The transaction is expected to close on January 17, 2012.
The Company said that it plans to use the net proceeds to repay a portion of its indebtedness, which may include indebtedness under its senior credit facility or outstanding debt securities.
Copyright RTT News/dpa-AFX
