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MGM China Holdings ( (HK:2282) ) has shared an update.
MGM China Holdings plans an international offering of U.S. dollar-denominated senior notes to professional investors, with Deutsche Bank AG, Singapore Branch and J.P. Morgan Securities (Asia Pacific) Limited acting as joint global coordinators. The notes will be issued subject to market conditions, sold mainly to qualified institutional buyers and non-U.S. persons, and will not be offered to the public in Hong Kong.
Key terms, including the aggregate principal amount, are yet to be finalized and will be set through a book-building process before the company signs a purchase agreement. MGM China intends to use the net proceeds to repay part of its 2025 revolving credit facility and for general corporate purposes, viewing the transaction as an opportunity to optimize its funding structure and support future operations in the interests of shareholders.
The most recent analyst rating on (HK:2282) stock is a Hold with a HK$13.20 price target. To see the full list of analyst forecasts on MGM China Holdings stock, see the HK:2282 Stock Forecast page.
More about MGM China Holdings
MGM China Holdings Limited is a casino and hospitality operator incorporated in the Cayman Islands and listed in Hong Kong, with operations in Macau. The group focuses on integrated resort properties, gaming, and related entertainment services, targeting professional and institutional investors in the international capital markets for its funding needs.
Average Trading Volume: 5,802,419
Technical Sentiment Signal: Hold
Current Market Cap: HK$42.71B
For detailed information about 2282 stock, go to TipRanks’ Stock Analysis page.