Event Publicly Available Information:
On April 25 2016 MGM Resorts International (MGM) completed a reorganization with resulted in about $4 billion of its debt being assumed by a new subsidiary called MGM Growth Properties LLC (MGP). Prior to the transaction, MGM had about $11 billion of relevant obligations; as result, this should be a joint succession to MGM and MGP.
April 1 8-K describing proposed transaction
Exhibit to 8-K filed on May 5 saying transaction has been completed
10-Q filed on may 6 (Note 4 on page 10 shows all of MGMs debt pre-transaction. The MGM China facility is not direct or guaranteed debt of MGM so should not be a relevant obligation)
| Date | Description | Document |
|---|---|---|
| Closed | May 20, 2016: The DC determined that MGM Resorts International and MGM Growth Properties Operating Partnership LP became the Successors to MGM Resorts International on April 25, 2016. | |
| Request Accepted by DC | ||
| Request Accepted by DC | ||
| Pending DC Consent |