October 29, 2015
Weil advised MGM Resorts International in connection with certain corporate, real estate and tax aspects of the initial public offering by its newly-formed REIT, MGM Growth Properties LLC (MGP). MGP sold 50 million shares at a public offering price of $21.00 per share – the top of its offering price – for gross proceeds of $1.05 billion. The offering closed October 29, 2015.
The Weil team that advised MGM was led by Mergers & Acquisitions partner Michael Aiello and included Mergers & Acquisitions partner Sachin Kohli; Real Estate co-head W. Michael Bond and partner David Herman; Tax partners Mark Schwed and Larry Gelbfish; Executive Compensation & Benefits head Paul Wessel; Public Company Advisory partners P.J. Himelfarb, Howard Dicker and Lyuba Goltser; Mergers & Acquisitions associates Owen Denby, Dov Kogen, Andrea Ryken and Megan Briskman; Real Estate associates John Goldman, Jannelle Seales, Robert Shmalo and Joseph Sadon (not yet admitted); Tax associates William Dong, Lexie Maravich and Joseph Reich; Executive Compensation & Benefits associate Zahava Blumenthal; and Public Company Advisory associates Megan Pendleton and Joanna Jia.