{"id":8963,"date":"2020-11-17T20:51:22","date_gmt":"2020-11-18T02:51:22","guid":{"rendered":"http:\/\/planesintheair.com\/?p=8963"},"modified":"2020-11-17T20:51:22","modified_gmt":"2020-11-18T02:51:22","slug":"mgm-growth-properties-announces-pricing-of-upsized-senior-notes-offering","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=8963","title":{"rendered":"MGM Growth Properties Announces Pricing Of Upsized Senior Notes Offering"},"content":{"rendered":"\n

LAS VEGAS,\u00a0Nov. 17, 2020\u00a0\/PRNewswire\/ — MGM Growth Properties Operating Partnership LP (the “Operating Partnership”) and MGP Finance Co-Issuer, Inc. (together, the “Issuers”), consolidated subsidiaries of MGM Growth Properties LLC (NYSE: MGP<\/a>) (the “Company”), have priced $750 million in aggregate principal amount of 3.875% senior notes due 2029 (the “notes”) at par. The\u00a0$750 million\u00a0aggregate principal amount of the notes represented an increase of\u00a0$250 million\u00a0from the original offering size of\u00a0$500 million. The offering is expected to close on\u00a0November 19, 2020, subject to customary closing conditions.<\/p>\n\n\n\n

The Issuers plan to use the net proceeds of the offering for general corporate purposes, which may include the redemption of up to\u00a0$700 million\u00a0of the Operating Partnership units held by MGM Resorts International (“MGM”) should MGM elect to exercise certain rights it holds to cause the redemption of such units for cash.<\/p>\n\n\n\n

Click the link below to read the full story!<\/p>\n\n\n\n

https:\/\/finance.yahoo.com\/news\/mgm-growth-properties-operating-partnership-222000038.html<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

MGM Growth Properties Operating Partnership LP (the “Operating Partnership”) and MGP Finance Co-Issuer, Inc. (together, the “Issuers”), consolidated subsidiaries of MGM Growth Properties LLC (NYSE: MGP) <\/p>\n","protected":false},"author":1,"featured_media":8965,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5637,3448,8222,5992,5670,2203,5390,1770,5676,8651,7313,10169,10176,1397,10182],"tags":[12916,3790,988,2234,9641,3404,12914,3740,2857,1889,6281,2761,2030,1883,5072,1779,1254,199,12915,214,6093,3885,12913,7715,2073,2352,412,5962,1401,6583,2899,1541,4068,5957,2452,9932,3886,12753,2294,2613,3788,987,6571,12912],"class_list":["post-8963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-casino-news","category-consumer-news","category-economic-news","category-economy-news","category-finance-news","category-gambling-news","category-hotel-news","category-international-news","category-joint-venture-news","category-las-vegas-news","category-news","category-stock-news-2","category-stock-news","category-travel","tag-aggregate","tag-announces","tag-business","tag-cash","tag-certain","tag-close","tag-co-issuer","tag-conditions","tag-consolidated","tag-corporate","tag-exercise","tag-finance","tag-general","tag-growth","tag-guest","tag-hospitality","tag-hotel","tag-international","tag-issuers","tag-las-vegas","tag-lodging","tag-mgm","tag-mgp","tag-motel","tag-net","tag-nevada","tag-news","tag-notes","tag-nyse","tag-offering","tag-operating","tag-partnership","tag-pricing","tag-principal","tag-prnewswire","tag-proceeds","tag-properties","tag-purposes","tag-resorts","tag-rights","tag-senior","tag-services","tag-subsidiaries","tag-upsized"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/8963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8963"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/8963\/revisions"}],"predecessor-version":[{"id":8966,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/8963\/revisions\/8966"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/media\/8965"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}