LAS VEGAS, March 9 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE: MGM) announced today that it has priced $845 million in aggregate principal amount of its 9% senior secured notes due 2020 at par. The transaction is expected to close on March 16, 2010. The Company plans to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its senior credit facility and related fees and expenses. The notes will be secured by a mortgage on MGM Grand Las Vegas and
Related Articles:
--MGM MIRAGE Is Named to Fortune Magazine's 'Most Admired Companies' List
--MGM MIRAGE Announces Proposed Private Offering
--MGM MIRAGE Elects Bill Bible to the Board of Directors


Source: Gambling News Stories - CasinoMan.Net