April 26, 2016
Weil is advising 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 closing of the offering is expected to occur on April 25, 2016, subject to customary closing conditions.
The Weil team advising MGM is led by Corporate Chairman Michael Aiello and includes M&A 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; M&A associates Owen Denby, Dov Kogen, Andrea Ryken and Megan Briskman (not yet admitted); 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.