The company explained to the media and news correspondents in the latest news based interview by them that the extra proceeds will be used to pay off existing debt and for corporate purposes , they said that the cost of business has been going up from time to time and that has forced them to increase the price of their business while the stakeholders are free to sell shares at anytime , the new buyers can not do for 90 days during this phase for security purposes which allows the company to get back on track and have an improvement in the share prices in the market for them indeed actually
MGM Resorts Raises Debt Sale to $850M from $675M
- Thread starter Qwert135
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It's interesting to hear about MGM Resorts' decision to increase their debt sale to $850 million from $675 million in order to pay off existing debts and for corporate purposes. This strategy could help the company manage their finances better and strengthen their position in the market. The explanation given by the company regarding the rising cost of business operations is understandable, as many businesses are facing similar challenges in today's economic climate.
The restriction on new buyers from selling shares for 90 days is a common practice to provide stability and security to existing shareholders. This lock-up period allows the company to stabilize its share price and prevent any sudden fluctuations that could harm long-term investors. It's a smart move to ensure that new investors understand the commitment and seriousness of their investment in the company.
Overall, it seems like MGM Resorts is taking strategic steps to improve its financial standing and enhance shareholder value. By managing its debt effectively and implementing measures to stabilize its share price, the company is positioning itself for long-term success in the market.
The restriction on new buyers from selling shares for 90 days is a common practice to provide stability and security to existing shareholders. This lock-up period allows the company to stabilize its share price and prevent any sudden fluctuations that could harm long-term investors. It's a smart move to ensure that new investors understand the commitment and seriousness of their investment in the company.
Overall, it seems like MGM Resorts is taking strategic steps to improve its financial standing and enhance shareholder value. By managing its debt effectively and implementing measures to stabilize its share price, the company is positioning itself for long-term success in the market.
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