BUSINESS

MGM, lenders extend debt; LV Sands plans similar move

TAGs: Las Vegas Sands Corp, MGM Resorts, Michael Leven

WimpyBurgerSo MGM Mirage has worked out a deal with its creditors to extend the deadline for payment of $3.6B of MGM’s total $13B debt. Now Las Vegas Sands’ COO Michael Leven wants to work out a similar deal with its creditors on $5B of its total $11B debt. Something for Mr. & Mrs. Middle America to ponder when their bank refuses to renegotiate their mortgage, hmm?

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