Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
MGM Mirage
MGM MIRAGE Prices $750 Million in Senior Secured Notes
November 16th, 2008
MGM MIRAGE (NYSE:MGM) announced that it has priced a private offering of $750 million principal amount of 13% Senior Secured Notes due November 2013 at a price of 93.132%. The transaction is expected to close on November 14, 2008. The notes will rank as general senior obligations of MGM MIRAGE, will be guaranteed by substantially all of MGM MIRAGE subsidiaries, and will have a first priority security interest in the Company's New York -- New York Hotel & Casino. The net proceeds will be used to reduce the outstanding borrowings under the Company's existing revolving credit facility and for general corporate purposes. The notes have not been registered under the...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-16)
|
