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MGM Resorts completes $1B senior notes offering

MGM Resorts International said June 18 that it completed its offering of $1 billion in aggregate principal amount of 5.750% senior notes due 2025.

The Las Vegas-based casino operator had upsized the offering from $500 million shortly after announcing it June 14.

The company plans to use net proceeds from the offering for general corporate purposes that may include refinancing debt, helping fund acquisitions, paying dividends on common stock or making share repurchases. MGM may also put them into short-term interest-bearing accounts, securities or similar investments.