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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt

Long-term debt consisted of the following:  

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Senior credit facility

 

$

 

 

$

750,000

 

Operating Partnership senior credit facility

 

 

1,703,750

 

 

 

2,819,125

 

MGM China credit facility

 

 

667,404

 

 

 

2,433,562

 

$850 million 8.625% senior notes, due 2019

 

 

 

 

 

850,000

 

$500 million 5.25% senior notes, due 2020

 

 

 

 

 

500,000

 

$1,000 million 6.75% senior notes, due 2020

 

 

 

 

 

1,000,000

 

$1,250 million 6.625% senior notes, due 2021

 

 

 

 

 

1,250,000

 

$1,000 million 7.75% senior notes, due 2022

 

 

1,000,000

 

 

 

1,000,000

 

$1,250 million 6% senior notes, due 2023

 

 

1,250,000

 

 

 

1,250,000

 

$1,050 million 5.625% Operating Partnership senior notes, due 2024

 

 

1,050,000

 

 

 

1,050,000

 

$750 million 5.375% MGM China senior notes, due 2024

 

 

750,000

 

 

 

 

$1,000 million 5.75% senior notes, due 2025

 

 

1,000,000

 

 

 

1,000,000

 

$750 million 5.875% MGM China senior notes, due 2026

 

 

750,000

 

 

 

 

$500 million 4.50% Operating Partnership senior notes, due 2026

 

 

500,000

 

 

 

500,000

 

$500 million 4.625% senior notes, due 2026

 

 

500,000

 

 

 

500,000

 

$750 million 5.75% Operating Partnership senior notes, due 2027

 

 

750,000

 

 

 

 

$1,000 million 5.5% senior notes, due 2027

 

 

1,000,000

 

 

 

 

$350 million 4.50% Operating Partnership senior notes, due 2028

 

 

350,000

 

 

 

350,000

 

$0.6 million 7% debentures, due 2036

 

 

552

 

 

 

552

 

 

 

 

11,271,706

 

 

 

15,253,239

 

Less: Premiums, discounts, and unamortized debt issuance costs, net

 

 

(102,802

)

 

 

(121,823

)

 

 

 

11,168,904

 

 

 

15,131,416

 

Less: Current portion

 

 

 

 

 

(43,411

)

 

 

$

11,168,904

 

 

$

15,088,005

 

Schedule of Interest Expense, Net

Interest expense, net consisted of the following:

 

 

Year Ended December 31,

 

 

2019

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Total interest incurred

$

853,007

 

 

$

821,229

 

 

$

779,855

 

Interest capitalized

 

(5,075

)

 

 

(51,716

)

 

 

(111,110

)

 

$

847,932

 

 

$

769,513

 

 

$

668,745

 

 

Schedule of Maturities of Long-Term Debt

Maturities of long-term debt. The maturities of the principal amount of the Company’s long-term debt as of December 31, 2019 are as follows:

 

Years ending December 31,

 

 

 

(In thousands)

 

2020

 

 

 

$

 

2021

 

 

 

 

 

2022

 

 

 

 

1,000,000

 

2023

 

 

 

 

1,649,125

 

2024

 

 

 

 

2,467,404

 

Thereafter

 

 

 

 

6,155,177

 

 

 

 

 

$

11,271,706