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Published on 6/2/2020 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

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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