Daily News: October 22, 2013

Hastings Advises Infinity World Development in $1.78B Refinancing

Paul Hastings announced today that it represented Infinity World Development, a wholly owned subsidiary of Dubai World, in connection with a successful $1.78 billion refinancing package for CityCenter Holdings, a 50/50 joint venture of Infinity World and MGM Resorts International.

The refinancing of CityCenter Holdings LLC consists of a $1.7 billion term loan that matures in 2020, as well as a $75 million revolving credit facility that comes due in 2018.

The Paul Hastings team consisted of Corporate partner Rob Carlson, counsel Lindsay Sparks and Real Estate partners Jeffrey Diener and Robert Keane.