MGM Growth Properties files for IPO

|About: MGM Resorts International (MGM)|By:, SA News Editor

MGM Growth Properties (MGP) files for an IPO on the NYSE.

The REIT of MGM Resorts (NYSE:MGM) properties aims to raise as much as $1B through the public offering of shares.

MGM Growth says its "tenant" will be obligated to pay it  $550M of rent under the master triple-net lease during the first year. The tenant will be a subsidiary of the casino company under its control.

SEC Form S-11

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