MGM Resorts hits financial milestone with $750M in new senior notes at 6.5% due 2032

Wednesday, April 10, 2024

MGM Resorts International (“the Company”) (NYSE: MGM) has successfully finalized its earlier disclosed sale of $750,000,000 in senior notes at a 6.500% interest rate, maturing in 2032 (referred to as “the Notes”), which were offered at their face value.

The proceeds from this notes offering will be utilized by the Company to pay down its current debts, specifically targeting the repayment of its existing 6.750% senior notes due in 2025. Until these funds are applied to their intended purpose, the Company might place the net proceeds into short-term, interest-earning accounts, securities, or similar financial instruments.

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