MGM Resorts pricing $700 million eight-year bullet notes

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Sept. 14 - MGM Resorts International plans to price $700 million of senior notes due 2020 (existing ratings B3/B-) on Friday, according to a market source.

An investor call took place at 11 a.m. ET.

Bank of America Merrill Lynch, Deutsche Bank Securities Inc. and RBS Securities Inc. are the joint bookrunners, along with others to be announced.

The Rule 144A with registration rights deal is non-callable.

Proceeds will be used to repay a portion of debt, which may include debt under the company's credit facility or outstanding debt securities.

MGM Resorts is a Las Vegas-based owner and operator of casino resorts.

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