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StumbleKerkorian selling $50 million in company bonds
Tuesday, Oct. 17, 2000 | 11:13 a.m.
MGM MIRAGE majority shareholder Kirk Kerkorian has filed to sell $50 million in company bonds.
The proposed sale was disclosed Monday in a filing with the Securities and Exchange Commission. Kerkorian purchased the 9.75 percent senior subordinated notes in May, when they were issued to fund MGM Grand Inc.'s acquisition of Mirage Resorts Inc. The company raised $710 million in that bond offering.
The date of the sale wasn't disclosed.
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