{"id":38,"date":"2025-04-24T11:21:55","date_gmt":"2025-04-24T11:21:55","guid":{"rendered":"https:\/\/casinobeats.com\/nl\/?p=38"},"modified":"2025-04-24T15:03:06","modified_gmt":"2025-04-24T15:03:06","slug":"mgm-china-kondigt-herfinancieringsovereenkomst-voor-doorlopende-kredietfaciliteit-van-302-miljard-aan","status":"publish","type":"post","link":"https:\/\/casinobeats.com\/nl\/2025\/04\/24\/mgm-china-kondigt-herfinancieringsovereenkomst-voor-doorlopende-kredietfaciliteit-van-302-miljard-aan\/","title":{"rendered":"MGM China kondigt herfinancieringsovereenkomst aan"},"content":{"rendered":"\n<p>MGM China Holdings has announced a refinancing deal worth $3.02 billion with an unnamed group of lenders.<\/p>\n\n\n\n<p>In <a href=\"https:\/\/www1.hkexnews.hk\/listedco\/listconews\/sehk\/2025\/0415\/2025041500947.pdf\">an official announcement<\/a>, MGM China said it would use the deal, a revolving credit facility, to refinance two existing revolving credit facilities and for \u201cgeneral corporate purposes.\u201d<\/p>\n\n\n\n<p>The new facility will take effect on April 22 and will mature in 60 months.<\/p>\n\n\n\n<p>However, the investors appear to have insisted that the US-based MGM Resorts International retains ownership of MGM China. A clause in the deal states that the investment must be repaid if the US firm\u2019s ownership of the Macau casino operator drops below 50%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">MGM China: Details of Refinancing Deal<\/h2>\n\n\n\n<p>The deal comes after media reports in February claimed MGM China was looking to secure a $2 billion syndicated loan. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-25\/macau-s-mgm-china-seeks-first-loan-since-pandemic-of-2-billion\">Bloomberg quoted<\/a> unnamed sources close to the deal as stating that the casino operator was speaking to over a dozen banks about a five-year agreement.<\/p>\n\n\n\n<p>MGM China announced its first revolving credit facility, worth HKD 9.75 billion (around $1.25 billion), in August 2019.<\/p>\n\n\n\n<p>The firm later agreed to extensions on this deal, which would mature in May next year. It later agreed on a second revolving credit facility of HKD 2.34 billion ($301.74 million). MGM China later increased the size of this facility to $402 million. The maturity date was also set to May 2026.<\/p>\n\n\n\n<p>However, MGM China explained that the latest refinancing package will see the amounts due under the existing credit facilities repaid in full. \u201cTotal commitments thereof will be cancelled,\u201d it wrote.<\/p>\n\n\n\n<p>MGM China explained that the deal also includes an accordion option clause. This could potentially allow the borrower to increase its line of credit with its lenders.<\/p>\n\n\n\n<p>The firm wrote: \u201cThe 2025 revolving credit facility will bear interest at a fluctuating rate per annum based on the Hong Kong Interbank Offered Rate, plus a margin (in the range of 1.625% to 2.75%), which will be determined by MGM China\u2019s leverage ratio.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">MGM Resorts\u2019 Record-breaking Reports <\/h2>\n\n\n\n<p>MGM opened its first Macau casino resort, the 600-room MGM Macau, in December 2007. The doors to MGM China\u2019s second and largest venue, the MGM Cotai, opened in February 2018.<\/p>\n\n\n\n<p>MGM Resorts retains around 56% of the company\u2019s issued shares. The firm successfully launched an initial public offering on the Hong Kong Stock Exchange on June 3, 2011.<\/p>\n\n\n\n<p>Last year, MGM China\u2019s 14% year-on-year growth rates <a href=\"https:\/\/casinobeats.com\/2024\/10\/31\/mgm-resorts-q3-2024-financial-results\/\">saw MGM Resorts post record net revenues for Q3 of FY2024<\/a>.<\/p>\n\n\n\n<p>This followed <a href=\"https:\/\/casinobeats.com\/2024\/05\/02\/mgm-resorts-q1-2024-financial-results\/\">a record-breaking Q1<\/a> for MGM Resorts, with MGM China\u2019s post-COVID recovery again credited for much of the growth.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>MGM China Holdings has announced a refinancing deal worth $3.02 billion with an unnamed group of lenders. In an official announcement, MGM China said it would use the deal, a revolving credit facility, to refinance two existing revolving credit facilities and for \u201cgeneral corporate purposes.\u201d The new facility will take effect on April 22 and [&hellip;]<\/p>\n","protected":false},"author":115,"featured_media":39,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"yes","_lmt_disable":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1,16],"tags":[],"class_list":["post-38","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MGM China kondigt herfinancieringsovereenkomst aan - CasinoBeats Netherlands<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/casinobeats.com\/nl\/2025\/04\/24\/mgm-china-kondigt-herfinancieringsovereenkomst-voor-doorlopende-kredietfaciliteit-van-302-miljard-aan\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM China kondigt herfinancieringsovereenkomst aan - 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Met een achtergrond in Communicatiewetenschappen aan de Universiteit van Amsterdam combineert hij analytisch vermogen met een passie voor digitale entertainmentplatformen. Hij bezocht meerdere malen toonaangevende beurzen zoals ICE London, SiGMA Malta en iGB Live in Amsterdam, waar hij regelmatig in gesprek gaat met softwareontwikkelaars, operators en compliance-specialisten. Lars heeft een scherp oog voor gebruiksvriendelijkheid, regelgeving en innovaties op het gebied van online kansspelen. Zijn expertise ligt in het analyseren van casinoplatformen, het testen van bonussen en het duiden van trends rondom verantwoord spelen. Naast zijn werk in de iGaming-industrie is Lars een fervent schaker, hobby-kok en liefhebber van Scandinavische thrillers. Zijn schrijfstijl is helder en to-the-point, met oog voor detail \u00e9n de lezer. Of hij nu een nieuwe gokkast recenseert of een diepgaande analyse maakt van de Nederlandse kansspelmarkt \u2014 Lars brengt zijn lezers altijd n\u00e9t dat beetje extra inzicht.\",\"url\":\"https:\/\/casinobeats.com\/nl\/author\/guus\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MGM China kondigt herfinancieringsovereenkomst aan - CasinoBeats Netherlands","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/casinobeats.com\/nl\/2025\/04\/24\/mgm-china-kondigt-herfinancieringsovereenkomst-voor-doorlopende-kredietfaciliteit-van-302-miljard-aan\/","og_locale":"nl_NL","og_type":"article","og_title":"MGM China kondigt herfinancieringsovereenkomst aan - CasinoBeats Netherlands","og_url":"https:\/\/casinobeats.com\/nl\/2025\/04\/24\/mgm-china-kondigt-herfinancieringsovereenkomst-voor-doorlopende-kredietfaciliteit-van-302-miljard-aan\/","og_site_name":"CasinoBeats Netherlands","article_published_time":"2025-04-24T11:21:55+00:00","article_modified_time":"2025-04-24T15:03:06+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/casinobeats.com\/nl\/wp-content\/uploads\/sites\/4\/2025\/04\/MGM-China-Announces-3.02B-Revolving-Credit-Facility-Refinancing-Deal.jpg","type":"image\/jpeg"}],"author":"Lars van Meijeren","twitter_card":"summary_large_image","twitter_misc":{"Geschreven door":"Lars van Meijeren","Geschatte leestijd":"3 minuten"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/casinobeats.com\/nl\/2025\/04\/24\/mgm-china-kondigt-herfinancieringsovereenkomst-voor-doorlopende-kredietfaciliteit-van-302-miljard-aan\/","url":"https:\/\/casinobeats.com\/nl\/2025\/04\/24\/mgm-china-kondigt-herfinancieringsovereenkomst-voor-doorlopende-kredietfaciliteit-van-302-miljard-aan\/","name":"MGM China kondigt herfinancieringsovereenkomst aan - 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