MGM rakes in $750m from bond sale

roulette_Adobe_575x375_30July2020
By Morgan Davis
26 Mar 2021

Casino operator MGM China Holdings added more liquidity to its balance sheet this week with a $750m bond outing.

The Ba3/B+/BB- company has sold dollar bonds through other entities in recent months, but it last marketed a deal through its China business in June 2020, according to Dealogic. That 5.25% 2025 note raised $500m.

Despite the pandemic's effects on the Macau gaming industry, bonds from the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial