The owners of the large CityCenter mixed-use complex in Las Vegas, Infinity World Development Corp. and MGM Resorts International, have successfully acquired more than $1.7 billion in loans to refinance debt on the property. Rob Carlson, a partner at the law firm of Palo Alto, Calif.-based Paul Hastings LLP, says the CityCenter Holdings LLC closed $1.7 billion in a term B loan that matures in 2020, as well as a $75 million revolving credit facility that comes due in 2018. The 67-acre ...
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