Illegal Activity
none
Blackmail
none
Date
2018-01-03
Document Type
report
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This report from Deutsche Bank Securities reaffirms a BUY rating on MGM Resorts International's Senior Unsecured Notes 2026, providing financial projections for 2017 and 2018. The analysis includes EBITDA forecasts, capital expenditure details, and debt leverage estimates.
Metadata
- Subject
- HY Corporate Credit, HY Multi Sector.Media. Cable & Satellite
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0086644, SDNY_GM_00232828
- Date
- 2018-01-03
Relationships 4
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| MGM Resorts International | business | MGM China | MGM China is a subsidiary of MGM Resorts International (56% ownership) |
| MGM Resorts International | business | MGM Growth Properties | MGM Growth Properties is related to MGM Resorts International (76% ownership) |
| MGM Resorts International | business | CityCenter | Dividends from CityCenter to MGM Resorts International |
| MGM Resorts International | business | Grand Victoria | Dividends from Grand Victoria to MGM Resorts International |
Notable Quotes 2
With this report, we are reaffirming our BUY rating on the 4.625% Senior Unsecured Notes 2026 ($101.3, 4.4% YTVV, 207bps STVV). We continue to believe that these bonds are attractive on a relative value basis.
For 2017. we are projecting MGM Resorts International will generate Adjusted EBITDA of $2.32 billion (+11.5% versus $2.08 billion).
Financial Information
Amounts:$1,772$2.079$2,429$2,319$2,481$302$292$288$283$4032994734845518881.2911,0589908003245445625541687626185676296031268163170175659190250328100196475100191231559312314903045269125113289294354$12.138$11.421$11,047$1 1.249$11,2501,3621,1612.2022.000$2.32 billion$2.08 billion$990 million$554 millionS629 million$170 millionS314 million$69 million$328 million$250 million$5 million$294 million5697 million$11.25 billion$2.00 billion$2.48 billion$800 million$168 million$603 million$175 million
Assets:
- Senior Unsecured Notes 2026
- Cash
- Total Debt
Transactions:
- Share repurchases
- Dividends to shareholders
- Investments in affiliates
- Dispositions
- Dividends from affiliates
- Distributions from MGM China
- Distributions from MGP
- Capital expenditures
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowBusiness dealings
Organizations 6
Deutsche Bank Securities Inc.MGM Resorts InternationalMGM ChinaMGM Growth PropertiesCityCenterGrand Victoria
Text Analysis
- Tone
- Professional
- Purpose
- To reaffirm a BUY rating on the 4.625% Senior Unsecured Notes 2026 of MGM Resorts International and provide financial projections for 2017 and 2018.
- Significance
- Provides financial analysis and projections for MGM Resorts International, including EBITDA, capital expenditures, and debt leverage.
File Info
- File Name
- EFTA01385360.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:01.984881
- DOJ Source
- View on DOJ