MGM China Holdings Ltd has announced plans to conduct an international offering of Notes to professional investors, primarily to repay a portion of the amount outstanding under its existing revolving credit facility.
The proposed offering was announced by way of a Hong Kong Stock Exchange filing on Monday, although the company had not at time of publication determined the aggregate principal amount nor the terms and conditions.
MGM China, which booked a new quarterly record of US$301 million in Adjusted EBITDAR in 1Q24, said it “intends to use the net proceeds to repay a portion of the amounts outstanding under our Revolving Credit Facility and for general corporate purpose.
