MGM China reworks credit facility

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MGM China reworks credit facility

Jun 12 2015, 08:44 ET | About: MGM China Holdings, Ltd. (MCHVF) | By: Clark Schultz, SA News Editor

• MGM China (OTCPK:MCHVF, OTCPK:MCHVY) announces 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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