MGM China Secures HK$23.4 Billion Credit Facility

MGM China Holdings ( (HK:2282) ) just unveiled an update.

MGM China Holdings Limited has entered into agreements for a new revolving credit facility worth up to HK$23.4 billion, which will be used to refinance existing credit facilities and support general corporate purposes. The facility, set to mature 60 months after the agreement date, includes a change of control provision requiring repayment if MGM Resorts International’s ownership falls below 50%, highlighting the strategic importance of maintaining its current ownership structure.

More about MGM China Holdings

MGM China Holdings Limited is a company incorporated in the Cayman Islands, primarily operating in the gaming and hospitality industry. It is listed on the main board of the Hong Kong Stock Exchange and is a subsidiary of MGM Resorts International, a major player in the global entertainment and hospitality sector.

YTD Price Performance: 21.54%

Average Trading Volume: 2,314

Technical Sentiment Signal: Strong Sell

Current Market Cap: $4.59B

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