J.P. Morgan Arranges $2.5B Facility for MGM
MGM closed a $2.5 billion credit facility comprising a five-year $1.7 billion revolving credit facility and new $400 million seven-year term loan.
July 12, 2018
J.P. Morgan | MGM
ABF Journal
MGM closed a $2.5 billion credit facility comprising a five-year $1.7 billion revolving credit facility and new $400 million seven-year term loan.
Reuters reported that U.S. companies are increasingly choosing to raise second-lien loans rather than cheaper high-yield bonds.
Metro-Goldwyn-Mayer closed a $1 billion five-year revolving credit facility that includes a $250 million optional accordion and a new $850 million five-year term loan A.