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Friday, June 12, 2015

MGM China reworks credit facility



LVS: New Casino Openings Appear To Be Cannibalizing Existing Properties In Macau


New Casino Openings Appear To Be Cannibalizing Existing Properties In Macau by Elephant Analytics 
This article was published on Fri, Jun. 12, 5:00 AM ET



MGM China reworks credit facility

  • MGM China (OTCPK:MCHVFOTCPK:MCHVYannounces it completed the refinancing of a senior credit facility denominated in Hong Kong dollars.
  • The credit facility has been upsized to support borrowing of up to the equivalent of $3B in U.S. dollars and interest rate levels have been adjusted.
  • MGM China is still in an expansionary mode despite the revenue tail-off in Macau.
  • MGM Resorts (NYSE:MGM) owns a 51% stake in MGM China.








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