MGM Reports New Material Agreement & Financial Obligation
Ticker: MGM · Form: 8-K · Filed: Feb 14, 2024 · CIK: 789570
| Field | Detail |
|---|---|
| Company | Mgm Resorts International (MGM) |
| Form Type | 8-K |
| Filed Date | Feb 14, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $1.675 billion, $2.285 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, 8-K
Related Tickers: MGM
TL;DR
**MGM just filed an 8-K for a new material agreement and financial obligation, but the details aren't in this snippet.**
AI Summary
MGM Resorts International filed an 8-K on February 14, 2024, reporting an event that occurred on February 9, 2024. The filing indicates the company entered into a material definitive agreement and created a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details regarding the nature or amount of this agreement and obligation are not provided in this filing excerpt.
Why It Matters
This filing signals a significant new commitment for MGM Resorts International, potentially impacting its financial structure or strategic direction, though the specific nature and scale of the obligation are not disclosed in this snippet.
Risk Assessment
Risk Level: medium — The creation of a direct financial obligation introduces new liabilities for MGM Resorts International, and without knowing the amount or terms, its potential impact on the company's financial health is uncertain.
Key Numbers
- February 9, 2024 — Earliest Event Date (Date of the reported event)
- February 14, 2024 — Filing Date (Date the 8-K was filed)
Key Players & Entities
- MGM Resorts International (company) — registrant
- February 9, 2024 (date) — earliest event reported
- February 14, 2024 (date) — filing date
FAQ
What type of agreement did MGM Resorts International enter into?
MGM Resorts International entered into a "Material Definitive Agreement" as reported in the 8-K filing.
What financial event did MGM Resorts International report?
MGM Resorts International reported the "Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant."
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 9, 2024.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on February 14, 2024.
What is the full name of the company that filed this 8-K?
The full name of the company that filed this 8-K is MGM Resorts International.
Filing Stats: 693 words · 3 min read · ~2 pages · Grade level 12.1 · Accepted 2024-02-14 06:01:57
Key Financial Figures
- $0.01 — ich registered Common Stock (Par Value $0.01) MGM New York Stock Exchange (NYSE)
- $1.675 billion — he amount of revolving commitments from $1.675 billion to $2.285 billion and extends the matur
- $2.285 billion — ving commitments from $1.675 billion to $2.285 billion and extends the maturity date from Nove
Filing Documents
- d778367d8k.htm (8-K) — 28KB
- d778367dex101.htm (EX-10.1) — 1135KB
- 0001193125-24-034495.txt ( ) — 1551KB
- mgm-20240209.xsd (EX-101.SCH) — 3KB
- mgm-20240209_lab.xml (EX-101.LAB) — 17KB
- mgm-20240209_pre.xml (EX-101.PRE) — 11KB
- d778367d8k_htm.xml (XML) — 3KB
FINANCIAL STATEMENTS AND EXHIBITS
FINANCIAL STATEMENTS AND EXHIBITS (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits: Exhibit Number Description 10.1 Second Amendment to Credit Agreement, dated as of February 9, 2024, among the Company, Bank of America, N.A., as administrative agent, and certain lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. MGM Resorts International Date: February 14, 2024 By: /s/ Jessica Cunningham Jessica Cunningham Title: Senior Vice President, Legal Counsel and Assistant Secretary