International edition
September 26, 2021

It has struggled as consumers gamble less during the recession

MGM Mirage plans offering of us$ 350 million in senior notes

(US).- Casino operator MGM Mirage informed that it plans a private placement of us$ 350 million in senior unsecured notes due 2018.

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GM, in which billionaire Kirk Kerkorian has a sizable stake, expects to use the offering's net proceeds to lower borrowings under its senior credit agreement and for general corporate purposes.

MGM Mirage has struggled as consumers gamble less during the recession. The Las Vegas-based company reported a us$ 212.6 million second-quarter loss on some large impairment charges and had us$ 12.3 billion in long-term debt as of June 30.

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