MGM Growth Plans to Raise $750 Million in New Debt

MGM Growth Properties, which owns most MGM properties, including MGM Grand (l.), announced it will seek to raise $750 million in new debt, but did not disclose plans for the financing. The company said the proceeds may be used to redeem up to $700 million in partnership shares held by MGM Resorts. The casino operator owns about 57 percent of MGM Growth.

MGM Growth Plans to Raise $750 Million in New Debt

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