MGM Resorts Enters Material Definitive Agreement
Ticker: MGM · Form: 8-K · Filed: Jun 26, 2024 · CIK: 789570
| Field | Detail |
|---|---|
| Company | Mgm Resorts International (MGM) |
| Form Type | 8-K |
| Filed Date | Jun 26, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $500 million, $493.1 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: MGM
TL;DR
MGM just signed a big deal, expect financial moves.
AI Summary
On June 26, 2024, MGM Resorts International entered into a material definitive agreement related to a financial obligation. The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
Why It Matters
This filing signals a significant financial commitment or arrangement for MGM Resorts, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce financial risks and operational changes that warrant close monitoring.
Key Players & Entities
- MGM Resorts International (company) — Registrant
- June 26, 2024 (date) — Date of Report
FAQ
What type of material definitive agreement did MGM Resorts International enter into?
The filing states that MGM Resorts International entered into a material definitive agreement related to the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.
What is the date of this report and the earliest event reported?
The date of the report and the earliest event reported is June 26, 2024.
What is MGM Resorts International's state of incorporation?
MGM Resorts International is incorporated in Delaware.
What is the Commission File Number for MGM Resorts International?
The Commission File Number for MGM Resorts International is 001-10362.
What is the IRS Employer Identification Number for MGM Resorts International?
The IRS Employer Identification Number for MGM Resorts International is 88-0215232.
Filing Stats: 1,153 words · 5 min read · ~4 pages · Grade level 12.4 · Accepted 2024-06-26 16:16:02
Key Financial Figures
- $0.01 — ich registered Common Stock (Par Value $0.01) MGM New York Stock Exchange (NYSE)
- $500 million — ational, a Delaware corporation, issued $500 million in aggregate principal amount of 7.125%
- $493.1 million — Issuer intends to use the approximately $493.1 million of net proceeds from the offering to re
Filing Documents
- d835555d8k.htm (8-K) — 31KB
- d835555dex41.htm (EX-4.1) — 492KB
- 0001193125-24-169064.txt ( ) — 748KB
- mgm-20240626.xsd (EX-101.SCH) — 3KB
- mgm-20240626_lab.xml (EX-101.LAB) — 17KB
- mgm-20240626_pre.xml (EX-101.PRE) — 11KB
- d835555d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) Exhibits: Exhibit No. Description 4.1 Indenture governing the 7.125% senior notes due 2031, dated as of June 26, 2024, between MGM China Holdings Limited and Wilmington Savings Fund Society, FSB, as trustee. 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: June 26, 2024 By: /s/ Jessica Cunningham Jessica Cunningham Senior Vice President, Legal Counsel and Assistant Secretary