MGM China Holdings Limited announced that it has entered into the Purchase Agreement for a private placement of senior unsecured notes for the gross proceeds of $500 million on June 17, 2024. The senior unsecured notes bears an interest rate of 7.125% per annum payable semi-annually in arrears on June, 26 and December, 26 of each year. The senior unsecured notes will mature on June 26, 2031.

The First interest payment date is December 26, 2024. The transaction is expected to close on June 26, 2024.