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Fitch rates MGM Growth notes BB+
Fitch Ratings said it assigned a BB+/RR4 rating to MGM Growth Properties Operating Partnership LP’s proposed $500 million of senior unsecured notes.
Proceeds will be used for general corporate purposes, including partial repayment of its fully drawn $1.35 billion revolver.
Fitch rates MGM Growth Properties’ and MGM Growth Properties, LLC’s issuer default ratings BB+.
The outlook is negative.
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