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Published on 8/3/2010 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

MGM Resorts buys back $211 million of senior notes in second quarter

By Susanna Moon

Chicago, Aug. 3 - MGM Resorts International said it repurchased $211 million principal amount of senior notes with near-term maturities during the second quarter.

The purchase resulted in cash interest savings of about $5 million, according to the company's financial results for the second quarter.

MGM Resorts, formerly MGM Mirage, is a Las Vegas-based gaming company.


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