MGM Growth Properties plans new debt financing for Rocksino purchase

By Sara Rosenberg

New York, April 5 – MGM Growth Properties LLC plans on using debt and cash on hand to fund its acquisition of Hard Rock Rocksino Northfield Park from Milstein Entertainment LLC for about $1.06 billion, according to a news release.

Closing is expected in the second half of this year, subject to customary conditions and regulatory approvals.

MGM Growth Properties is a Las Vegas-based real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts. Rocksino is a gaming, dining and entertainment facility located in Northfield, Ohio.

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