Market Chatter: MGM China in Talks with Banks for $2 Billion Syndicated Facility

MT Newswires Live02-25

MGM China (HKG:2282) is looking to sign a syndicated loan with an equivalent of $2 billion, Bloomberg News reported Tuesday, citing people familiar with the matter.

The gaming operator is discussing with more than 12 banks regarding the five-year loan denominated in Hong Kong dollars, the report said.

Should the loan be granted, it will be MGM China's first facility since the COVID-19 pandemic, according to the report, citing data compiled by the news outlet.

Proceeds will be used for refinancing, according to Bloomberg.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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