{"id":16272,"date":"2021-03-26T17:04:04","date_gmt":"2021-03-26T17:04:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=16272"},"modified":"2026-04-23T20:47:57","modified_gmt":"2026-04-23T23:47:57","slug":"mgm-china-sells-us750m-in-notes-to-pay-down-debt","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mgm-china-sells-us750m-in-notes-to-pay-down-debt","title":{"rendered":"MGM China sells US$750m in notes to pay down debt"},"content":{"rendered":"\n<p>The Macau gaming operator MGM has announced it will sell senior notes to repay a portion of the amount outstanding under a revolving credit facility.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>MGM China<\/strong> will offer 4.75 per cent senior<strong> notes worth US$750m <\/strong>due February 1, 2027.<\/p>\n\n\n\n<p>The casino operator said the proceeds would be used to &#8220;<strong>repay a portion of the amounts outstanding under the Revolving Credit Facility <\/strong>and for general corporate purposes.&#8221;<\/p>\n\n\n\n<p>The company said: &#8220;Satisfaction of the obligations of the parties pursuant to the purchase agreement is subject to the fulfilment, or waiver, of the conditions precedent set out therein. In addition, t<strong>he purchase agreement may be terminated under certain circumstances<\/strong>.&#8221;<\/p>\n\n\n\n<p>MGM was deeply affected by the impact of the Covid-19 pandemic. Last year <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/mgm-china-reports-us94-2m-loss-in-q3\" target=\"_blank\">the company reported a plunge in revenues of 94 per cent year-on-year<\/a><\/em> for the third quarter of 2020.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Macau gaming operator MGM has announced it will sell senior notes to repay a portion of the amount outstanding under a revolving credit facility.<\/p>\n","protected":false},"author":176,"featured_media":16275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"MGM China has announced a US$750 million offering of 4.75% senior notes due February 1, 2027. The proceeds are earmarked for partial repayment of its revolving credit facility and general corporate purposes, reflecting strategic financial management in the wake of significant pandemic-induced revenue declines.","focusai_entities":"MGM China","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MGM China Debt Strategy","query":"How does this senior note offering impact MGM China's overall debt maturity profile and its capacity for future capital expenditures or market expansion initiatives in the Macau gaming vertical?"},{"label":"Post-Pandemic Liquidity","query":"What are the specific implications of this debt refinancing for MGM China's liquidity position and its ability to navigate potential future market disruptions or regulatory shifts in the Macau market?"}],"footnotes":""},"categories":[16338,163],"tags":[23907,23906,1618],"class_list":["post-16272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-land-based-casino","tag-macau-casinos","tag-mgm-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=16272"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16272\/revisions"}],"predecessor-version":[{"id":16301,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16272\/revisions\/16301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16275"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}