PETALING JAYA: Genting Malaysia Bhd’s indirect unit Resorts World Ltd has completed the subscription of US$18mil (RM60mil) nominal amount of 9% senior secured notes issued by MGM Mirage Inc due March 2020.
It told Bursa Malaysia yesterday that MGM offered the notes as part of its placement of US$845mil in principal amount of the notes and the proceeds would be used to repay part of its outstanding debts and for related fees and expenses. MGM had on Tuesday announced the completion of the placement.
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