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Stock impact report

KBRA Assigns Preliminary Ratings to BX 2026-CSMO [Yahoo! Finance]

MGM Resorts International (MGM) 
Last mgm resorts international earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.mgmresorts.com
Company Research Source: Yahoo! Finance
The collateral for the transaction is a $3.05 billion floating rate, interest-only mortgage loan. The loan is expected to have an initial two-year term with three, one-year extension options and require monthly interest-only payments. The loan will be primarily secured by the borrower's fee simple interest in The Cosmopolitan Las Vegas Resort & Casino, a 3,032-key hotel and casino located on 8.4 acres of prime property along the Las Vegas Strip. The real property assets are owned by a joint venture formed by affiliates of BREIT Operating Partnership L.P. and Stonepeak Partners LP and leased to affiliates of MGM Resorts International under a 30-year NNN master lease, under which MGM will operate and maintain the property. The main source of revenue available to the borrower for making payments on the mortgage loan is rent payments received from MGM under the master lease. The borrower is entitled to an annual current master lease rent of $215.1 million with 2.0% annual increases thr Show less Read more
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