MGM China has issued senior notes worth $750 million which is 4.75% of senior notes.
The issue of such notes is due 1 February, 2027.
BofA Securities, Inc., Bank of China Limited, Macau Branch and Industrial and Commercial Bank of China (Macau) Limited signed the purchase agreement.
The statement from the company read: “As the obligations of the parties pursuant to the purchase agreement may or may not proceed to completion, shareholders and investors of the company and prospective investors are reminded to exercise caution when dealing in the securities of the company.”
The company intends to use the net proceeds from the transaction for general corporate purposes and for repayment of amounts towards revolving credit facility.