MGM RESORTS INTERNATIONAL (NYSE:MGM) Files An 8-K Entry into a Material Definitive Agreement

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MGM RESORTS INTERNATIONAL (NYSE:MGM) Files An 8-K Entry into a Material Definitive Agreement

Item1.01 Entry into a Material Definitive Agreement.

On February14, 2017 (February 15, 2017 in Hong Kong), MGM China
Holdings Limited (MGM China), an indirect majority-owned
subsidiary of MGM Resorts International (the Company), and MGM
Grand Paradise, S.A., a wholly owned subsidiary of MGM China (MGM
Grand Paradise, and together with MGM China, the Borrowers),
entered into a fourth supplemental agreement (the Fourth
Supplement), by and among the Borrowers, the guarantors named
therein and Bank of America, N.A., as facility agent, relating to
a credit agreement originally dated July27, 2010, as first
amended and restated by a supplemental agreement dated October22,
2012, such amendments being effective as of October29, 2012, as
further amended and restated by a second supplemental agreement
dated June9, 2015, such amendments being effective as of June12,
2015 and as further amended by a third supplemental agreement
dated February2, 2016, such amendments being effective as of
February2, 2016 (as supplemented, the Credit Agreement).

The Fourth Supplement amended the leverage ratio to reflect an
increase in the permitted maximum leverage levels of the
restricted group to 6.00 to 1.00 through December31, 2017,
declining to 5.50 to 1.00 at March31, 2018, 5.00 to 1.00 at
June30, 2018 and 4.50 to 1.00 at September30, 2018 and
thereafter. No other material changes were made to the terms of
the Credit Agreement.

The representations, warranties and covenants contained in the
Fourth Supplement were made only for purposes of the Fourth
Supplement and as of the specific date (or dates) set forth
therein, and were solely for the benefit of the parties to the
Fourth Supplement and are subject to certain limitations as
agreed upon by the contracting parties. In addition, the
representations, warranties and covenants contained in the Fourth
Supplement may be subject to standards of materiality applicable
to the contracting parties that differ from those applicable to
investors. Investors are not third-party beneficiaries of the
Fourth Supplement and should not rely on the representations,
warranties and covenants contained therein, or any descriptions
thereof, as characterizations of the actual state of facts or
conditions of the Borrowers.

The foregoing description of the Fourth Supplement is qualified
in its entirety by reference to the Fourth Supplement, which is
filed as Exhibit 10.1 to this Form 8-K and incorporated herein by
reference.

Item9.01 Financial Statements and Exhibits.

(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits:

Exhibit No.

Description

10.1 Fourth Supplemental Agreement, dated February15, 2017, among
the Borrowers, the guarantors named therein and Bank of
America, N.A., as facility agent.

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About MGM RESORTS INTERNATIONAL (NYSE:MGM)

MGM Resorts International is a holding company. The Company owns and operates casino resorts. It operates in two segments: wholly owned domestic resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It has additional business activities, including its investments in unconsolidated affiliates, and other corporate and management operations. Its wholly owned domestic resorts consisted of casino resorts in Las Vegas, Nevada, which includes Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, Monte Carlo and Circus Circus Las Vegas. It also operates other casinos, which includes MGM Grand Detroit in Detroit, Michigan; Beau Rivage in Biloxi, Mississippi, and Gold Strike Tunica in Tunica, Mississippi. MGM China’s operations consist of the MGM Macau resort and casino and the development of an integrated casino, hotel, and entertainment resort on the Cotai Strip in Macau.

MGM RESORTS INTERNATIONAL (NYSE:MGM) Recent Trading Information

MGM RESORTS INTERNATIONAL (NYSE:MGM) closed its last trading session down -2.74 at 26.86 with 49,246,857 shares trading hands.