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Prospect News home > News index > List of issuers M > Headlines for MGM Mirage > News item
Published on 8/11/2004 in the Prospect News Bank Loan Daily.

MGM Mirage to repay bank debt with bond sale proceeds

By Paul A. Harris and Sara Rosenberg

St. Louis, Aug. 11 - MGM Mirage plans to repay bank debt with proceeds from a newly priced $550 million eight-year senior notes offering, according to a syndicate source.

The quick-to-market bond deal, which was upsized from $500 million, priced at par on Wednesday to yield 6¾%.

MGM Mirage is a Las Vegas-based owner-operator of a hotel and casino resort.


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