MGM China Holdings Limited announced that on June 18, 2024, the Company entered into the Purchase Agreement with BofA Securities Inc., and Deutsche Bank AG, Singapore Branch as the Representatives of the Initial Purchasers in connection with the issue of USD 500 million in aggregate principal amount of 7.125% senior notes due June 26, 2031. The Company estimates that the net proceeds from the offering of the Notes will be approximately HKD 3,859.3 million, or USD 493.1 million, after deducting the discounts of the Initial Purchasers and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds from the offering of the Notes to repay a portion of the amounts outstanding under the Revolving Credit Facility.

The Company will be permitted to reborrow such amounts under the Revolving Credit Facility. In relation to the Proposed Notes Issue, BofA Securities Inc., Deutsche Bank AG, Singapore Branch and Bank of China Limited, Macau Branch have been appointed as joint global coordinators; whilst BofA Securities Inc., and Deutsche Bank AG, Singapore Branch have been appointed as the joint overall coordinators and syndicate capital market intermediaries in relation to the Proposed Notes Issue, which are subject to Paragraph 21 and other additional requirements under the SFC Code. Issue date: June 26, 2024.

First interest payment date: December 26, 2024. Maturity date: June 26, 2031.