Milbank LLP represented MGM Resorts International (“MGM”) (NYSE: MGM) as borrower in connection with an amendment to MGM’s revolving credit facility. The amendment increases the amount of revolving commitments from $1.675 billion to $2.285 billion and extends the maturity date from November 24, 2026 to February 9, 2029.
Founded in 1986 in Las Vegas, MGM is an American global hospitality and entertainment company with national and international locations that feature hotels and casinos, meetings and conference spaces, live and theatrical entertainment experiences, and an array of restaurant, nightlife and retail offerings. The MGM portfolio of hotel and destination gaming offerings includes Bellagio, MGM Grand, ARIA and Park MGM.
The Milbank team was led by New York-based Global Leveraged Finance partner Lauren Hanrahan and Corporate Finance and Securities partner Rod Miller, with assistance from Global Leveraged Finance associates Morgan Lingar, George Miller and Adam Glynn.
