TITLE

MGM MIRAGE IN TALKS WITH LENDERS, FILING SAYS

AUTHOR(S)
Stutz, Howard
PUB. DATE
March 2009
SOURCE
Las Vegas Business Press (10712186);3/16/2009, Vol. 26 Issue 11, pP20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the possibility that MGM Mirage will file for bankruptcy unless it renegotiates its $7 billion debt which it has not been able to pay its lenders. It says that MGM Mirage, Las Vegas' biggest casino operator and largest private employer, needs to get a better repayment structure or it will be in default with its senior secured credit facility. According to the article, Wall Street is speculating that the casino owner might have to file for bankruptcy protection in order to force the restructuring of its loans.
ACCESSION #
40539005

 

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