CityCenter to use new notes, cash to repay $300 million under facility

By Tali David

Minneapolis, Feb. 13 - CityCenter Holdings, LLC plans to use the proceeds from a $240 million senior secured first-lien note offering, together with cash from its balance sheet, to repay $300 million of the borrowings under its $375 million senior credit facility, according to a press release from MGM Resorts International, a 50% owner of the company.

CityCenter is a mixed-use development on the Las Vegas Strip.

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