MGM China (HKG:2282) is looking to sign a syndicated loan with an equivalent of $2 billion, Bloomberg News reported Tuesday, citing people familiar with the matter.
The gaming operator is discussing with more than 12 banks regarding the five-year loan denominated in Hong Kong dollars, the report said.
Should the loan be granted, it will be MGM China's first facility since the COVID-19 pandemic, according to the report, citing data compiled by the news outlet.
Proceeds will be used for refinancing, according to Bloomberg.
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