MGM Growth to pay down revolver drawings with notes proceeds

By Sara Rosenberg

New York, June 2 – MGM Growth Properties Operating Partnership LP plans to repay a portion of its revolving credit facility borrowings with proceeds from an $800 million senior notes offering, according to a market source.

The notes offering was upsized from $500 million.

MGM Growth Properties is a Las Vegas-based real estate investment trust engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts.

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