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MGM Resorts subsidiary reprices $1.2B senior credit facility

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MGM Resorts subsidiary reprices $1.2B senior credit facility

MGM Resorts International unit CityCenter Holdings LLC repriced its $1.2 billion term loan B senior credit facility.

The unit also repriced an undrawn $75 million revolving facility at LIBOR plus 2.00% and extended it to July 2020.

The $1.2 billion facility was repriced at par bearing interest at LIBOR plus 2.75%, with a LIBOR floor of 0.75%.

The unit is a joint venture between MGM Resorts and Infinity World Development Corp.