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MGM Mirage does debt finance shuffle (from Corporate Dealmaker)

Shaky credit markets have prompted Las Vegas' MGM Mirage to bargain with lenders to change the terms of a $7 billion loan agreement. The changes increase the maximum total leverage ratio, modifies pricing levels and certain definitions and limitations on secured indebtedness. The AP reported the move gives some...

Posted on October 6, 2008 5:02 PM

Cirque du Soleil sells stake to Dubai World (from Corporate Dealmaker)

Canada's abuzz. Guy Laliberte, the billionaire entrepreneur who owns Cirque du Soleil, has sold a 20% stake in the entertainment company to two units of Dubai World for an estimated $400 million, according to a report on a Globe and Mail Web site. Based in Montreal, beloved in Las Vegas,...

Posted on August 7, 2008 1:10 PM