MGM Resorts International Announces Redemption of 11.375% Senior Notes
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: PR Newswire
LAS VEGAS, June 23, 2017 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE:MGM) today announced that it will redeem for cash all of its outstanding $475,000,000 11.375% Senior Notes due 2018 (the "Notes") on July 24, 2017 (the "Redemption Date") at a redemption price equal to 100.00% of the aggregate principal amount thereof plus a make-whole premium, to be calculated as set forth in the Notice of Redemption, plus accrued and unpaid interest, if any, to the Redemption Date (the "Redemption Price"). Following the redemption of the Notes, no Notes will remain outstanding."The redemption of our 11.375% Senior Notes demonstrates our continued efforts to prudently deploy our free cash flow to maximize shareholder value," said Dan D'Arrigo, Executive Vice President and Chief Financial Officer of MGM Resorts International. "This action further improves our balance sheet, extends our debt maturity profile and continues our Company on the path of achieving our goal of returning t
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MGM
Sec Filings
- 4/11/24 - Form PX14A6G
- 4/9/24 - Form 8-K
- 4/3/24 - Form 4
- MGM's page on the SEC website