MGM MIRAGE Announces Receipt of Requisite Consents in Its Consent Solicitation for Its 13% Senior Secured Notes Due 2013

PRNewswire -- MGM MIRAGE (NYSE: MGM) today announced the expiration of, and receipt of requisite consents in, its consent solicitation with respect to an amendment to the indenture governing its 13% Senior Secured Notes due 2013 ($750 million aggregate principal amount; CUSIP Nos. 552953 BD2 and U5928T AH4) (the "Notes"). The amendment provides that the non-collateral asset sale covenant does not apply to the previously announced sale of Treasure Island. In addition, the amendment conforms the non-collateral asset sale covenant with the corresponding covenant in the indenture dated May 19, 2009, which governs the Company's 10.375% Senior Secured Notes due 2014 and 11.125% Senior Secured Notes due 2017.