Investors Bet On CityCenter As Casino Complex Sells $1.5B Bonds - Wall Street Journal

Thursday, 13 January 2011 17:57 administrator
Print

NEW YORK (Dow Jones)--CityCenter Holdings, owner of the joint-venture Las Vegas casino complex between MGM Resorts International (MGM) and a subsidiary of Dubai World, sold $1.5 billion of senior secured bonds on Thursday, including $600 million of risky debt that can pay interest in the form of more debt.

Underwriters on Thursday afternoon had altered the

structure of the deal, increasing a five-year first-lien bond offering to $900 million from $500 million and decreasing a first-lien bank term loan by an equivalent amount to $500 million, according to a person familiar with the deal, due to heavy investor demand for ...

Webmaster Forum | SEO Forum | Coding Forum | Graphics Forum

Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFsEHpit6wyL-lK-vAwhl_9Z6aUsA&url=http://online.wsj.com/article/BT-CO-20110113-715942.html

< Prev   Next >