MGM Resorts International Secures JPY45.2 Billion Term Loan Facility

On October 23, 2025, MGM Resorts International entered into a secured credit agreement for a term loan facility of JPY45.2 billion, with an option to increase the aggregate amount up to JPY67.8 billion. The loan bears interest at a fluctuating rate based on the Tokyo Interbank Offered Rate plus 1.75% until March 31, 2026, after which it will range from 1.50% to 2.25%. The facility matures in October 2030, with an early maturity option if certain conditions are not met by February 9, 2029. The agreement includes customary covenants limiting the company's ability to incur additional debt, merge with third parties, make restricted payments, and engage in other fundamental changes. The loan is guaranteed by MGM's domestic subsidiaries and secured by a pledge of equity in certain domestic operating properties. The company also announced its financial results for the quarter ended September 30, 2025, via a press release on October 29, 2025.