MGM CHINA (02282) proposes issuing USD-denominated preferred notes.

MGM CHINA (02282) announced that it plans to only sell international notes to professional investors. Deutsche Bank Singapore Branch and J.P. Morgan Securities (Asia Pacific) Limited have been appointed as joint global coordinators, joint bookrunners, and syndicate capital market intermediaries for the proposed note issuance, subject to compliance with the Securities and Futures Commission's Code of Conduct and other additional regulations. As of the date of this announcement, the total principal amount and certain terms and conditions of the notes have not been finalized. If the notes are issued, the company intends to use the net proceeds to repay certain outstanding amounts under the 2025 revolving credit facility and for general corporate purposes. The company will be permitted to redraw the relevant amounts under the 2025 revolving credit facility.