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MGM Resorts venture launches $1.6B term loan, $125M credit facility

A venture of MGM Resorts International and Infinity World Development Corp launched a new $1.60 billion term loan and an upsized $125 million revolving credit facility.

The proceeds from the term loan will be earmarked to refinance the outstanding amount under the company's existing term loan, pay a $350 million dividend, and finance related fees and expenses.