MGM MIRAGE Announces Launch of Credit Facility Amendment and Extension Transaction (Press Release)

LAS VEGAS, Feb. 8 /PRNewswire-FirstCall/ — MGM MIRAGE (NYSE: MGM) today announced that it is seeking amendments to its aggregate $5.55 billion of senior credit facilities which would extend the maturity of a substantial portion of those credit facilities from October 3, 2011 to February 21, 2014. The Company has asked its lenders to provide their final approvals of the transaction by February 24, 2010. Lenders approving the proposed amendments would receive prepayments aggregating not l
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