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MGM Resorts logoMGM Resorts MGM

MGM Resorts said it entered into a Second Amendment to Credit Agreement on February 9, 2024 with the lenders party to it and Bank of America, N.A., as administrative agent.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. MGM Resorts said it entered into a Second Amendment to Credit Agreement on February 9, 2024 with the lenders party to it and Bank of America, N.A., as administrative agent.

  2. The company said the Amendment increases revolving commitments from $1.675 billion to $2.285 billion.

  3. The company said the Amendment extends the maturity date from November 24, 2026 to February 9, 2029.

  4. The company said it incorporated the Amendment information in Item 1.01 into Item 2.03 by reference on direct financial obligations, and attached the full text of the Amendment as Exhibit 10.1.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Second Amendment to Credit Agreement Entered

MGM Resorts said it entered into a Second Amendment to Credit Agreement on February 9, 2024 with the lenders party to it and Bank of America, N.A., as administrative agent.

Source · Based on the filing body and exhibits

Revolving Commitments Increased

The company said the Amendment increases revolving commitments from $1.675 billion to $2.285 billion.

Source · Based on the filing body and exhibits

Maturity Date Extended

The company said the Amendment extends the maturity date from November 24, 2026 to February 9, 2029.

Source · Based on the filing body and exhibits

Disclosed Items and Attached Credit Agreement

The company said it incorporated the Amendment information in Item 1.01 into Item 2.03 by reference on direct financial obligations, and attached the full text of the Amendment as Exhibit 10.1.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.