MGM Resorts Enters Material Definitive Agreement

Ticker: MGM · Form: 8-K · Filed: 2024-06-26T00:00:00.000Z

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

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.

From the Filing

0001193125-24-169064.txt : 20240626 0001193125-24-169064.hdr.sgml : 20240626 20240626161602 ACCESSION NUMBER: 0001193125-24-169064 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240626 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: 20240626 DATE AS OF CHANGE: 20240626 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: 241073629 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 d835555d8k.htm 8-K 8-K false 0000789570 0000789570 2024-06-26 2024-06-26     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): June 26, 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 CFR § 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR § 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 Definitive Agreement. On June 26, 2024, MGM China Holdings Limited (the “Issuer”), a consolidated subsidiary of MGM Resorts International, a Delaware corporation, issued $500 million in aggregate principal amou

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