MGM Reports New Material Agreement & Financial Obligation

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

From the Filing

0001193125-24-034495.txt : 20240214 0001193125-24-034495.hdr.sgml : 20240214 20240214060157 ACCESSION NUMBER: 0001193125-24-034495 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240209 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240214 DATE AS OF CHANGE: 20240214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MGM Resorts International CENTRAL INDEX KEY: 0000789570 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 880215232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10362 FILM NUMBER: 24631801 BUSINESS ADDRESS: STREET 1: 3600 LAS VEGAS BLVD S CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 702-693-7120 MAIL ADDRESS: STREET 1: 3600 LAS VEGAS BLVD S. CITY: LAS VEGAS STATE: NV ZIP: 89109 FORMER COMPANY: FORMER CONFORMED NAME: MGM MIRAGE DATE OF NAME CHANGE: 20000823 FORMER COMPANY: FORMER CONFORMED NAME: MGM GRAND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: GRAND NAME CO DATE OF NAME CHANGE: 19870713 8-K 1 d778367d8k.htm 8-K 8-K false 0000789570 0000789570 2024-02-09 2024-02-09     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 9, 2024     MGM Resorts International (Exact name of Registrant as Specified in Its Charter)       Delaware   001-10362   88-0215232 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.) 3600 Las Vegas Boulevard South , Las Vegas , Nevada 89109 (Address of principal executive offices - Zip Code) Registrant’s Telephone Number, Including Area Code: (702) 693-7120 Not Applicable (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock (Par Value $0.01)   MGM   New York Stock Exchange (NYSE) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CRF § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CRF § 240.12b-2). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       ITEM 1.01 ENTRY INTO A MATERIAL DEFINIVE AGREEMENT On February 9, 2024, MGM Resorts International (the “Company”) entered into a Second Amendment to Credit Agreement among the Company, the lenders from time to time party thereto and Bank of America,