MGM Mirage negotiating with lenders

Stutz, Howard
March 2009
Las Vegas Business Press (10712186);3/9/2009, Vol. 26 Issue 10, pP14
The article reports on the warning from casino operator MGM Mirage in Nevada that it could default on some of its debts if the economy does not improve and it cannot renegotiate better repayment terms with its lenders on some of its $7 billion in loans. According to the company, it was discussing waivers or amendments with its lenders. Bill Lerner, an analyst for Deutsche Bank, says that MGM Mirage will take several steps to shore up its finances before filing for a restructuring.


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