MGM Resorts International, the biggest casino operator on the Las Vegas Strip, sold $500 million of six-year notes as bondholder interest in gambling company debt revives.
MGM will use proceeds to repay some lenders whose commitments expire next year, it said in a statement distributed by PR Newswire. The 10 percent debt yields 10.25 percent, or 8.74 percentage points more than similar-maturity Treasuries, according to data compiled by Bloomberg.
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