SEC Contract Filing

Filing Date: 2018-12-28

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d677417dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version</I></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FIRST AMENDMENT TO CREDIT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This <B>FIRST AMENDMENT TO CREDIT AGREEMENT</B> (this &#147;<U>First Amendment</U>&#148;), dated as of December&nbsp;21, 2018. and effective
as of the First Amendment Effective Date (as hereinafter defined), is made and entered into by and among MGM RESORTS INTERNATIONAL, a Delaware corporation (the &#147;<U>Borrower</U>&#148;), the other Loan Parties under the Credit Agreement referred
to below, each of the Lenders (as hereinafter defined) party hereto, each of the First Amendment Increase Revolving Lenders (as hereinafter defined) party hereto, each of the First Amendment Increase Term A Lenders (as hereinafter defined) party
hereto and BANK OF AMERICA, N.A., as administrative agent under the Credit Agreement referred to below (in such capacity, the &#147;<U>Administrative Agent</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">RECITALS </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">A. The Borrower, the
Administrative Agent and the Lenders party hereto are parties to that certain Credit Agreement, dated as of April&nbsp;25, 2016 (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the First Amendment
Effective Date, the &#147;<U>Credit Agreement</U>&#148;) by and among the Borrower, the banks, financial institutions and other entities from time to time party thereto as lenders (including the L/C Issuer) (collectively, the
&#147;<U>Lenders</U>&#148;), and the Administrative Agent. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">B. In connection with the Credit Agreement, the Loan Parties executed various
Loan Documents to guaranty and/or secure the obligations of the Borrower under the Credit Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">C. Pursuant to Section&nbsp;2.15 of
the Credit Agreement, the Borrower has requested that each Revolving Lender agree to modify all of the Revolving Commitments in order to extend the scheduled maturity date thereof and to provide for the other terms set forth in this First Amendment,
in each case, subject to, and in accordance with, the terms and conditions set forth herein. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">D. Pursuant to Section&nbsp;2.15 of the
Credit Agreement, the Borrower has requested that each Term A Lender agree to modify all of the Term A Loans in order to extend the scheduled maturity date thereof and to provide for the other terms set forth in this First Amendment, subject to, and
in accordance with, the terms and conditions set forth herein. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">E. Pursuant to Section&nbsp;2.13 of the Credit Agreement, the Borrower has
requested that the institutions listed on <U>Schedule I</U> hereto under the heading &#147;Revolving Lenders&#148; (i)&nbsp;provide Revolving Commitments for an Incremental Revolving Increase in an aggregate principal amount of $299,636,636.29 (the
&#147;<U>First Amendment Increase Revolving Commitments</U>&#148; and such Revolving Lenders providing such First Amendment Increase Revolving Commitments, the &#147;<U>First Amendment Increase Revolving Lenders</U>&#148;), which First Amendment
Increase Revolving Commitments shall have the same terms and conditions as the Revolving Commitments (both before and after giving effect to the modification thereof pursuant to the Amended Credit Agreement (as defined below)) or (ii)&nbsp;decrease
their Revolving Commitments in an aggregate principal amount of $49,636,636.29, with such amount applied to reduce the Revolving Commitments of the existing Revolving Lenders as indicated on Schedule I (the &#147;First Amendment Revolving
Decrease&#148;), as applicable, such that after giving effect to the First Amendment Increase Revolving Commitments and the First Amendment Revolving Decrease, the Revolving Commitments of each Revolving Lender shall be as set forth on Schedule II
hereto. </P>
</DIV></Center>

<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">F. Pursuant to Section&nbsp;2.13 of the Credit Agreement, the Borrower has requested that
the institutions listed on <U>Schedule I</U> hereto under the heading &#147;Term A Lenders&#148; (i)&nbsp;provide Incremental Term Commitments for an Incremental Term Increase in an aggregate principal amount of $644,492,187.41 (the &#147;<U>First
Amendment Increase Term A Loan Commitments</U>&#148;, the loans made thereunder, the &#147;<U>First Amendment Increase Term A Loans</U>&#148; and such Term A Lenders providing such First Amendment Increase Term A Loan Commitments, the &#147;<U>First
Amendment Increase Term A Lenders</U>&#148;), which First Amendment Increase Term A Loans shall have the same terms and conditions as th