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| MGM MIRAGE Prices $845 Million in Senior Secured Notes (Press Release) |
| Online Casino News - Online Casinos - General |
| Wednesday, 10 March 2010 06:10 |
|
LAS VEGAS, March 9 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) announced today that it has priced $845 million in aggregate principal amount of its 9% senior secured notes due 2020 at par. The transaction is expected to close on March 16, 2010. The Company plans to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its senior credit facility and related fees and expenses. The notes will be secured by a mortgage on MGM Grand Las Vegas and
Related Articles: --MGM MIRAGE Is Named to Fortune Magazine's 'Most Admired Companies' List --MGM MIRAGE Announces Proposed Private Offering --MGM MIRAGE Elects Bill Bible to the Board of Directors |
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