MGM-Backed JV Closes $1.8B Refi For Vegas Casino Complex

Law360, New York (October 16, 2013, 6:36 PM ET) -- A joint venture affiliate of MGM Resorts International Inc. overseeing an embattled Las Vegas casino and hotel-anchored complex has closed on a $1.78 billion refinancing package, MGM said Wednesday.

CityCenter Holdings LLC, which is a partnership of MGM and Dubai World's Infinity World Development Corp., has scored a $1.7 billion term loan that matures in 2020, as well as a $75 million revolving credit facility that comes due in 2018, according to a statement. Along with the deal, CityCenter Holdings issued a redemption notice for various...
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