MGM MIRAGE Extends the Expiration Dates for Exchange Offers
09 Dezembro 2005 - 11:30AM
PR Newswire (US)
LAS VEGAS, Dec. 9 /PRNewswire-FirstCall/ -- MGM MIRAGE (NYSE:MGM)
announced today that it is extending until 5:00 p.m., New York City
time, on December 13, 2005, unless further extended, the expiration
date of its offer to exchange $500 million in aggregate principal
amount of its 6.625% Senior Notes due 2015 registered under the
Securities Act of 1933 (the "$500 Million Notes") for a like
principal amount of its unregistered 6.625% Senior Notes due 2015
validly tendered in the corresponding exchange offer. In addition,
MGM MIRAGE announced today that it is also extending until 5:00
p.m., New York City time, on December 13, 2005, unless further
extended, the expiration date of its offer to exchange $375 million
in aggregate principal amount of its 6.625% Senior Notes due 2015
registered under the Securities Act of 1933 (the "$375 Million
Notes") for a like principal amount of its unregistered 6.625%
Senior Notes due 2015 validly tendered in the corresponding
exchange offer. MGM MIRAGE does not currently intend to extend the
expiration date for either of the exchange offers beyond such date.
As of 5:00 p.m., New York City time, on December 8, 2005, the
original expiration date of each of the exchange offers, the
exchange agent for the exchange offers advised MGM MIRAGE that
approximately $498 million in aggregate principal amount of its
$500 Million Notes and approximately $371 million in aggregate
principal amount of its $375 Million Notes had been validly
tendered. Each of the exchange offers is subject to the terms and
conditions set forth in the respective prospectuses, in each case,
dated November 7, 2005, and the corresponding letters of
transmittal distributed in connection with each such exchange
offer. This announcement amends and supplements each such
prospectus and letter of transmittal with respect to the matters
described above. All other terms and conditions of each such
exchange offer set forth in the corresponding prospectuses and
letters of transmittal remain in full force and effect. Anyone who
would like to obtain copies of the prospectus and related documents
for either exchange offer, or who has questions regarding such
exchange offer, should contact U.S. Bank National Association, the
exchange agent for both exchange offers, at (800) 934-6802. MGM
MIRAGE (NYSE:MGM) owns and operates 24 properties located in
Nevada, Mississippi and Michigan, and has investments in four other
properties in Nevada, New Jersey, Illinois and the United Kingdom.
MGM MIRAGE has also announced plans to develop Project CityCenter,
a multi-billion dollar mixed-use urban development project in the
heart of Las Vegas, and has a 50% interest in the MGM Grand Macau
hotel/casino under construction in Macau S.A.R. MGM MIRAGE supports
responsible gaming and has implemented the American Gaming
Association's Code of Conduct for Responsible Gaming at its
properties. MGM MIRAGE also has been the recipient of numerous
awards and recognitions for its industry-leading Diversity
Initiative and its community philanthropy programs. For more
information about MGM MIRAGE, please visit the company's website at
http://www.mgmmirage.com/. Statements in this release which are not
historical facts are "forward looking" statements and "safe harbor
statements" under the Private Securities Litigation Reform Act of
1995 that involve risks and/or uncertainties, including risks
and/or uncertainties as described in the company's public filings
with the Securities and Exchange Commission. DATASOURCE: MGM MIRAGE
CONTACT: News Media, Alan M. Feldman, Senior Vice President, Public
Affairs, +1-702-891-7147, or Investment Community, James J. Murren,
President, Chief Financial Officer & Treasurer,
+1-702-693-8770, both of MGM MIRAGE Web site:
http://www.mgmmirage.com/
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