People Inc. bid leaves MGM China outlook steady, CreditSights says
People Inc.’s proposed takeover of MGM Resorts is expected to have limited near-term operational impact on MGM China, according to CreditSights. The research firm said aggressive debt funding could raise downgrade risks for MGM Resorts and affect MGM China’s bonds and revolving credit facility, both of which have change-of-control provisions.
The bid’s funding structure could affect MGM China’s bonds and revolving credit facility.