09.08.2016 19:23:00
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MGM Growth Prop. Operating Partnership LP -- Moody's assigns a B2 rating to MGM Growth Properties Operating Partnership, LP Senior Notes due 2026; outlook stable
New York, August 09, 2016 -- Moody's Investors Service, ("Moody's") has assigned a B2 rating to MGM Growth Prop. Operating Partnership LP' senior notes due 2026, the rating outlook is stable. MGM Growth Properties has proposed issuing $400 million of Senior Notes due 2026. The proceeds from the issuance will be used to pay down the outstanding balance on the company's existing revolving credit facility and, to the extent there are additional proceeds, for general corporate purposes.