[8-K] MGM RESORTS INTERNATIONAL Reports Material Event
Equitable Holdings (EQH) 8-K 鈥� New Revolving Credit Facility
On 29 Jul 2025 EQH entered into a five-year senior unsecured revolving credit agreement with JPMorgan Chase Bank, N.A. and a syndicate of banks. The facility provides up to $1.0 billion in aggregate commitments, usable for cash borrowings or letters of credit for subsidiary account parties. It replaces the company鈥檚 prior $1.5 billion unsecured revolver dated 16 Feb 2018, which was terminated the same day. Full terms will be filed with the Q3-25 10-Q.
- Liquidity impact: Multi-year access to committed capital, but capacity falls by $0.5 billion (-33%).
- Capital structure: Facility remains unsecured, indicating lender confidence in EQH鈥檚 credit quality.
- Maturity: Commitment extends to 2030, supporting funding flexibility ahead of potential market volatility.
No earnings metrics or other operational updates were disclosed.
Equitable Holdings (EQH) 8-K 鈥� Nuova linea di credito revolving
Il 29 luglio 2025 EQH ha stipulato un accordo di credito revolving senior non garantito della durata di cinque anni con JPMorgan Chase Bank, N.A. e un sindacato di banche. La linea di credito offre impegni aggregati fino a 1,0 miliardi di dollari, utilizzabili per prestiti in contanti o lettere di credito per le parti contabili delle controllate. Sostituisce la precedente linea revolving non garantita da 1,5 miliardi di dollari datata 16 febbraio 2018, terminata lo stesso giorno. I termini completi saranno presentati nel 10-Q del terzo trimestre 2025.
- Impatto sulla liquidit脿: Accesso pluriennale a capitale impegnato, ma la capacit脿 si riduce di 0,5 miliardi di dollari (-33%).
- Struttura del capitale: La linea rimane non garantita, a indicare la fiducia dei finanziatori nella qualit脿 creditizia di EQH.
- Scadenza: L'impegno si estende fino al 2030, garantendo flessibilit脿 di finanziamento in vista di potenziali volatilit脿 di mercato.
Non sono stati divulgati dati sugli utili o altri aggiornamenti operativi.
Equitable Holdings (EQH) 8-K 鈥� Nueva l铆nea de cr茅dito revolvente
El 29 de julio de 2025, EQH firm贸 un acuerdo de cr茅dito revolvente senior no garantizado a cinco a帽os con JPMorgan Chase Bank, N.A. y un sindicato de bancos. La l铆nea ofrece compromisos agregados de hasta 1.000 millones de d贸lares, utilizables para pr茅stamos en efectivo o cartas de cr茅dito para las cuentas de subsidiarias. Reemplaza la l铆nea revolvente no garantizada previa de 1.500 millones de d贸lares fechada el 16 de febrero de 2018, que fue terminada el mismo d铆a. Los t茅rminos completos se presentar谩n con el 10-Q del tercer trimestre de 2025.
- Impacto en la liquidez: Acceso plurianual a capital comprometido, aunque la capacidad se reduce en 0,5 mil millones de d贸lares (-33%).
- Estructura de capital: La l铆nea sigue siendo no garantizada, lo que indica la confianza de los prestamistas en la calidad crediticia de EQH.
- Vencimiento: El compromiso se extiende hasta 2030, apoyando la flexibilidad de financiamiento ante posibles volatilidades del mercado.
No se divulgaron m茅tricas de ganancias ni otras actualizaciones operativas.
Equitable Holdings (EQH) 8-K 鈥� 鞁犼窚 須岇爠 鞁犾毄 鞁滌劋
2025雲� 7鞗� 29鞚�, EQH電� JPMorgan Chase Bank, N.A. 氚� 鞚�頄� 鞐绊暕瓿� 5雲� 毵岅赴 氍措嫶氤� 靹犾垳鞙� 須岇爠 鞁犾毄 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 鞚� 鞁滌劋鞚� 鞛愴殞靷� 瓿勳爼 雼轨偓鞛愲ゼ 鞙勴暅 順勱笀 彀瀰 霕愲姅 鞁犾毄鞛レ棎 靷毄頃� 靾� 鞛堧姅 齑� 10鞏� 雼煬鞚� 鞎届爼鞚� 鞝滉车頃╇媹雼�. 鞚措姅 2018雲� 2鞗� 16鞚检瀽 旮办〈 15鞏� 雼煬 氍措嫶氤� 須岇爠 鞁犾毄鞚� 雽�觳错晿氅�, 臧欖潃 雮� 膦呺霅橃棃鞀惦媹雼�. 鞝勳泊 臁瓣贝鞚� 2025雲� 3攵勱赴 10-Q 氤搓碃靹滌棎 鞝滌稖霅� 鞓堨爼鞛呺媹雼�.
- 鞙犽彊靹� 鞓來枼: 雼る厔臧� 鞎届爼 鞛愲掣鞐� 鞝戧芳 臧�電ロ晿歆�毵�, 鞖╇焿鞚� 5鞏� 雼煬(-33%) 臧愳唽頃╇媹雼�.
- 鞛愲掣 甑“: 鞁滌劋鞚� 氍措嫶氤� 靸來儨毳� 鞙犾頃橂┌, 鞚措姅 EQH鞚� 鞁犾毄 頀堨鞐� 雽�頃� 雽�於滌瀽鞚� 鞁犽毳� 雮橅儉雰呺媹雼�.
- 毵岅赴: 鞎届爼鞚� 2030雲勱箤歆� 鞐办灔霅橃柎 鞛犾灛鞝� 鞁滌灔 氤�霃欖劚鞐� 雽�牍勴暅 鞛愱笀 臁半嫭 鞙犾棸靹膘潉 歆�鞗愴暕雼堧嫟.
靾橃澋 歆�響滊倶 旮绊儉 鞖挫榿 鞐呺嵃鞚错姼電� 瓿店皽霅橃 鞎婌晿鞀惦媹雼�.
Equitable Holdings (EQH) 8-K 鈥� Nouvelle facilit茅 de cr茅dit renouvelable
Le 29 juillet 2025, EQH a conclu un accord de cr茅dit renouvelable senior non garanti de cinq ans avec JPMorgan Chase Bank, N.A. et un syndicat bancaire. Cette facilit茅 offre jusqu'脿 1,0 milliard de dollars d'engagements globaux, utilisables pour des emprunts en esp猫ces ou des lettres de cr茅dit pour les comptes des filiales. Elle remplace la facilit茅 renouvelable non garantie pr茅c茅dente de 1,5 milliard de dollars datant du 16 f茅vrier 2018, r茅sili茅e le m锚me jour. Les conditions compl猫tes seront d茅pos茅es avec le 10-Q du troisi猫me trimestre 2025.
- Impact sur la liquidit茅 : Acc猫s pluriannuel 脿 un capital engag茅, mais la capacit茅 diminue de 0,5 milliard de dollars (-33%).
- Structure du capital : La facilit茅 reste non garantie, t茅moignant de la confiance des pr锚teurs dans la qualit茅 de cr茅dit d'EQH.
- 脡ch茅ance : L'engagement est prolong茅 jusqu'en 2030, soutenant la flexibilit茅 de financement face 脿 une volatilit茅 potentielle du march茅.
Aucun indicateur de r茅sultats ni autre mise 脿 jour op茅rationnelle n鈥檃 茅t茅 communiqu茅.
Equitable Holdings (EQH) 8-K 鈥� Neue revolvierende Kreditfazilit盲t
Am 29. Juli 2025 schloss EQH eine f眉nfj盲hrige unbesicherte revolvierende Senior-Kreditvereinbarung mit JPMorgan Chase Bank, N.A. und einem Bankenkonsortium ab. Die Fazilit盲t bietet Gesamtzusagen von bis zu 1,0 Milliarde US-Dollar, nutzbar f眉r Barabhebungen oder Akkreditive f眉r Tochtergesellschaften. Sie ersetzt den vorherigen unbesicherten revolvierenden Kredit 眉ber 1,5 Milliarden US-Dollar vom 16. Februar 2018, der am selben Tag beendet wurde. Die vollst盲ndigen Bedingungen werden mit dem 10-Q f眉r Q3-25 eingereicht.
- 尝颈辩耻颈诲颈迟盲迟蝉补耻蝉飞颈谤办耻苍驳: Mehrj盲hrige Verf眉gbarkeit von zugesagtem Kapital, jedoch sinkt die Kapazit盲t um 0,5 Milliarden US-Dollar (-33%).
- Kapitalstruktur: Die Fazilit盲t bleibt unbesichert, was auf das Vertrauen der Kreditgeber in die Kreditqualit盲t von EQH hinweist.
- 贵盲濒濒颈驳办别颈迟: Die Zusage erstreckt sich bis 2030 und unterst眉tzt die Finanzierungsflexibilit盲t angesichts m枚glicher Marktvolatilit盲t.
Keine Angaben zu Gewinnkennzahlen oder weiteren operativen Updates wurden gemacht.
- Secured a new $1 billion five-year senior unsecured revolving credit facility, extending committed liquidity to 2030.
- Facility remains unsecured, reflecting syndicate confidence in Equitable Holdings鈥� creditworthiness.
- Revolver size reduced by $0.5 billion (-33%) compared with the terminated 2018 facility, lowering short-term liquidity headroom.
- Key pricing grids and covenant terms were not disclosed, leaving uncertainty around borrowing cost and flexibility.
Insights
TL;DR: Neutral-slightly positive; new $1 bn unsecured revolver extends tenor but trims capacity 33%, maintaining liquidity without added collateral.
The unsecured nature and five-year term suggest banks remain comfortable with EQH鈥檚 credit profile. Although the headline limit drops to $1 bn, the company may simply be right-sizing unused capacity, saving commitment fees. Absence of covenants details prevents full assessment, yet shifting to 2030 maturity secures funding through multiple cycles. Overall liquidity remains strong relative to recent cash needs, so the credit move is broadly neutral for bondholders and modestly supportive for equity.
TL;DR: Slight negative; smaller line cuts backup liquidity & could constrain future buybacks unless cash generation stays robust.
A 33% reduction in available revolver capacity lowers the emergency buffer for unforeseen market stress. If capital markets tighten, EQH may rely on costlier funding or curb shareholder returns. Investors will watch pricing grids and leverage covenants when filed. Until those terms are known, I view the change as modestly adverse to the equity risk-reward, though not immediately material to valuation.
Equitable Holdings (EQH) 8-K 鈥� Nuova linea di credito revolving
Il 29 luglio 2025 EQH ha stipulato un accordo di credito revolving senior non garantito della durata di cinque anni con JPMorgan Chase Bank, N.A. e un sindacato di banche. La linea di credito offre impegni aggregati fino a 1,0 miliardi di dollari, utilizzabili per prestiti in contanti o lettere di credito per le parti contabili delle controllate. Sostituisce la precedente linea revolving non garantita da 1,5 miliardi di dollari datata 16 febbraio 2018, terminata lo stesso giorno. I termini completi saranno presentati nel 10-Q del terzo trimestre 2025.
- Impatto sulla liquidit脿: Accesso pluriennale a capitale impegnato, ma la capacit脿 si riduce di 0,5 miliardi di dollari (-33%).
- Struttura del capitale: La linea rimane non garantita, a indicare la fiducia dei finanziatori nella qualit脿 creditizia di EQH.
- Scadenza: L'impegno si estende fino al 2030, garantendo flessibilit脿 di finanziamento in vista di potenziali volatilit脿 di mercato.
Non sono stati divulgati dati sugli utili o altri aggiornamenti operativi.
Equitable Holdings (EQH) 8-K 鈥� Nueva l铆nea de cr茅dito revolvente
El 29 de julio de 2025, EQH firm贸 un acuerdo de cr茅dito revolvente senior no garantizado a cinco a帽os con JPMorgan Chase Bank, N.A. y un sindicato de bancos. La l铆nea ofrece compromisos agregados de hasta 1.000 millones de d贸lares, utilizables para pr茅stamos en efectivo o cartas de cr茅dito para las cuentas de subsidiarias. Reemplaza la l铆nea revolvente no garantizada previa de 1.500 millones de d贸lares fechada el 16 de febrero de 2018, que fue terminada el mismo d铆a. Los t茅rminos completos se presentar谩n con el 10-Q del tercer trimestre de 2025.
- Impacto en la liquidez: Acceso plurianual a capital comprometido, aunque la capacidad se reduce en 0,5 mil millones de d贸lares (-33%).
- Estructura de capital: La l铆nea sigue siendo no garantizada, lo que indica la confianza de los prestamistas en la calidad crediticia de EQH.
- Vencimiento: El compromiso se extiende hasta 2030, apoyando la flexibilidad de financiamiento ante posibles volatilidades del mercado.
No se divulgaron m茅tricas de ganancias ni otras actualizaciones operativas.
Equitable Holdings (EQH) 8-K 鈥� 鞁犼窚 須岇爠 鞁犾毄 鞁滌劋
2025雲� 7鞗� 29鞚�, EQH電� JPMorgan Chase Bank, N.A. 氚� 鞚�頄� 鞐绊暕瓿� 5雲� 毵岅赴 氍措嫶氤� 靹犾垳鞙� 須岇爠 鞁犾毄 瓿勳暯鞚� 觳搓舶頄堨姷雼堧嫟. 鞚� 鞁滌劋鞚� 鞛愴殞靷� 瓿勳爼 雼轨偓鞛愲ゼ 鞙勴暅 順勱笀 彀瀰 霕愲姅 鞁犾毄鞛レ棎 靷毄頃� 靾� 鞛堧姅 齑� 10鞏� 雼煬鞚� 鞎届爼鞚� 鞝滉车頃╇媹雼�. 鞚措姅 2018雲� 2鞗� 16鞚检瀽 旮办〈 15鞏� 雼煬 氍措嫶氤� 須岇爠 鞁犾毄鞚� 雽�觳错晿氅�, 臧欖潃 雮� 膦呺霅橃棃鞀惦媹雼�. 鞝勳泊 臁瓣贝鞚� 2025雲� 3攵勱赴 10-Q 氤搓碃靹滌棎 鞝滌稖霅� 鞓堨爼鞛呺媹雼�.
- 鞙犽彊靹� 鞓來枼: 雼る厔臧� 鞎届爼 鞛愲掣鞐� 鞝戧芳 臧�電ロ晿歆�毵�, 鞖╇焿鞚� 5鞏� 雼煬(-33%) 臧愳唽頃╇媹雼�.
- 鞛愲掣 甑“: 鞁滌劋鞚� 氍措嫶氤� 靸來儨毳� 鞙犾頃橂┌, 鞚措姅 EQH鞚� 鞁犾毄 頀堨鞐� 雽�頃� 雽�於滌瀽鞚� 鞁犽毳� 雮橅儉雰呺媹雼�.
- 毵岅赴: 鞎届爼鞚� 2030雲勱箤歆� 鞐办灔霅橃柎 鞛犾灛鞝� 鞁滌灔 氤�霃欖劚鞐� 雽�牍勴暅 鞛愱笀 臁半嫭 鞙犾棸靹膘潉 歆�鞗愴暕雼堧嫟.
靾橃澋 歆�響滊倶 旮绊儉 鞖挫榿 鞐呺嵃鞚错姼電� 瓿店皽霅橃 鞎婌晿鞀惦媹雼�.
Equitable Holdings (EQH) 8-K 鈥� Nouvelle facilit茅 de cr茅dit renouvelable
Le 29 juillet 2025, EQH a conclu un accord de cr茅dit renouvelable senior non garanti de cinq ans avec JPMorgan Chase Bank, N.A. et un syndicat bancaire. Cette facilit茅 offre jusqu'脿 1,0 milliard de dollars d'engagements globaux, utilisables pour des emprunts en esp猫ces ou des lettres de cr茅dit pour les comptes des filiales. Elle remplace la facilit茅 renouvelable non garantie pr茅c茅dente de 1,5 milliard de dollars datant du 16 f茅vrier 2018, r茅sili茅e le m锚me jour. Les conditions compl猫tes seront d茅pos茅es avec le 10-Q du troisi猫me trimestre 2025.
- Impact sur la liquidit茅 : Acc猫s pluriannuel 脿 un capital engag茅, mais la capacit茅 diminue de 0,5 milliard de dollars (-33%).
- Structure du capital : La facilit茅 reste non garantie, t茅moignant de la confiance des pr锚teurs dans la qualit茅 de cr茅dit d'EQH.
- 脡ch茅ance : L'engagement est prolong茅 jusqu'en 2030, soutenant la flexibilit茅 de financement face 脿 une volatilit茅 potentielle du march茅.
Aucun indicateur de r茅sultats ni autre mise 脿 jour op茅rationnelle n鈥檃 茅t茅 communiqu茅.
Equitable Holdings (EQH) 8-K 鈥� Neue revolvierende Kreditfazilit盲t
Am 29. Juli 2025 schloss EQH eine f眉nfj盲hrige unbesicherte revolvierende Senior-Kreditvereinbarung mit JPMorgan Chase Bank, N.A. und einem Bankenkonsortium ab. Die Fazilit盲t bietet Gesamtzusagen von bis zu 1,0 Milliarde US-Dollar, nutzbar f眉r Barabhebungen oder Akkreditive f眉r Tochtergesellschaften. Sie ersetzt den vorherigen unbesicherten revolvierenden Kredit 眉ber 1,5 Milliarden US-Dollar vom 16. Februar 2018, der am selben Tag beendet wurde. Die vollst盲ndigen Bedingungen werden mit dem 10-Q f眉r Q3-25 eingereicht.
- 尝颈辩耻颈诲颈迟盲迟蝉补耻蝉飞颈谤办耻苍驳: Mehrj盲hrige Verf眉gbarkeit von zugesagtem Kapital, jedoch sinkt die Kapazit盲t um 0,5 Milliarden US-Dollar (-33%).
- Kapitalstruktur: Die Fazilit盲t bleibt unbesichert, was auf das Vertrauen der Kreditgeber in die Kreditqualit盲t von EQH hinweist.
- 贵盲濒濒颈驳办别颈迟: Die Zusage erstreckt sich bis 2030 und unterst眉tzt die Finanzierungsflexibilit盲t angesichts m枚glicher Marktvolatilit盲t.
Keine Angaben zu Gewinnkennzahlen oder weiteren operativen Updates wurden gemacht.
FAQ
What did Equitable Holdings (EQH) disclose in its latest 8-K?
How large is the new revolving credit facility for EQH?
Which bank is the administrative agent for the new EQH revolver?
How does the new facility compare to the previous one?
Does the 8-K include any earnings or financial results?
