MGM Mirage borrows $842 million under revolver

By Sara Rosenberg

New York, Feb. 27 - MGM Mirage drew down the remaining $842 million under its $4.5 billion senior revolving credit facility on Feb. 26, according to an 8-K filed with the Securities and Exchange Commission on Friday.

Proceeds will be used for general corporate purposes.

The company said that the draw was made in light of the continuing instability in the capital markets and uncertain state of the global economy.

MGM is a Las Vegas-based owner and operator of casino resorts.

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