Allen & Overy (A&O) and Norton Rose have advised on a $2bn (£1.3bn) debt refinancing for MGM China Holdings, the Macau arm of Las Vegas casino operator MGM Resorts International. The refinancing for the company, which owns MGM Grand Paradise in Macau, includes a $550m (£346m) term loan and a revolving credit facility of $1.45bn (£913m). The Cayman islands-incorporated business is now planning to build a new resort in the region.
November 12, 2012 at 10:43 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) and Norton Rose have advised on a $2bn (£1.3bn) debt refinancing for MGM China Holdings, the Macau arm of Las Vegas casino operator MGM Resorts International.
The refinancing for the company, which owns MGM Grand Paradise in Macau, includes a $550m (£346m) term loan and a revolving credit facility of $1.45bn (£913m). The Cayman islands-incorporated business is now planning to build a new resort in the region.
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