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MGM Resorts International Extends Deadline For Exchange Offer Of 6.750% Senior Notes Due 2020

Stocks in this article: MGM

LAS VEGAS, June 3, 2013 /PRNewswire/ -- MGM Resorts International (the "Company") (NYSE: MGM) announced today that it has extended the expiration date of its registered exchange offer to 5:00 p.m., New York City time, on June 6, 2013.  The exchange offer is an offer to exchange all of its outstanding $1.0 billion aggregate principal amount of 6.750% Senior Notes due 2020 (the "Initial Notes") for new 6.750% Senior Notes due 2020 (the "New Notes") that have been registered under the Securities Act of 1933, as amended (the "Securities Act").

Based on the latest information provided by the exchange agent, as of the original expiration date of the exchange offer, approximately $999,360,000 in aggregate principal amount of the Initial Notes have been tendered for exchange. The Company will accept for exchange any and all Initial Notes validly tendered and not withdrawn prior to the new expiration date, unless such expiration date is further extended. The Company does not currently intend to extend the exchange offer any further.

The terms of the New Notes to be issued in the exchange offer are substantially the same as the terms of the Initial Notes, except that the New Notes will be registered under the Securities Act, will have no transfer restrictions under the federal securities laws, no registration rights and no rights to additional interest. Initial Notes that are not exchanged will continue to be subject to the existing transfer restrictions under the federal securities laws and the Company will have no further obligation to provide for the registration of such notes except under certain limited circumstances.

Documents describing the terms of the exchange offer, including the prospectus and transmittal materials for making tenders, may be obtained from the exchange agent, U.S. Bank National Association, via mail or overnight package at U.S. Bank National Association, 60 Livingston Ave. St. Paul, Minnesota 55107, Attention: Specialized Finance Association, or via facsimile at (651) 466-7372.

This announcement does not constitute an offer to purchase or a solicitation of an offer to sell securities. The exchange offer is being made only pursuant to a prospectus and the related letter of transmittal and only to such persons and in such jurisdictions as is permitted under applicable law.

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