MGM Resorts International(US:MGM) Prnewswireยท2024-09-03 12:24Core Viewpoint - MGM Resorts International is proposing to offer $675 million in senior notes due 2029 to repay existing debt and may invest the net proceeds in short-term interest-bearing accounts or securities [1] Group 1: Offering Details - The company intends to use the net proceeds from the offering to repay its outstanding 5.750% senior notes due 2025 [1] - The notes will be general unsecured senior obligations guaranteed by substantially all of the company's wholly owned domestic subsidiaries [1] - The offering will be made under a prospectus supplement related to the notes and an accompanying prospectus filed with the SEC [4] Group 2: Underwriters - BofA Securities, J.P. Morgan, Barclays, and several other financial institutions will act as joint book-running managers for the proposed offering [2] Group 3: Company Overview - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 hotel and gaming destinations [5] - The company operates BetMGM, a sports betting and online gaming venture, and is pursuing expansion opportunities in Asia, particularly in Japan [5]