![]() ![]() In the filing, the company blamed the recession and the steep drop in consumer spending at casinos for its concerns about not being able to make its debt payments. The action could filter down and put all of MGM Mirage’s debt, which totals roughly $13.5 billion, into default. MGM Mirage said it would be in default under its senior secured credit facility if it can not negotiate a better repayment structure. In a filing Tuesday with the Securities and Exchange Commission, the company that operates 10 Strip resorts and is building the massive $9.1 billion Cit圜enter, said it was discussing various waivers or amendments with its lenders. ![]() MGM Mirage (MGM), the Strip’s biggest casino operator and the state’s largest private employer, could be facing a bankruptcy filing if it can’t renegotiate better repayment terms with its lenders covering some $7 billion in loans. ![]()
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