EX-25.1 6 d516254dex251.htm EX-25.1 EX-25.1

Exhibit 25.1

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY UNDER

THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

☐ Check if an Application to Determine Eligibility of a Trustee Pursuant to Section 305(b)(2)

 

 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

 

31-0841368

I.R.S. Employer Identification No.

 

800 Nicollet Mall

Minneapolis, Minnesota

   55402
(Address of principal executive offices)   (Zip Code)

Raymond Haverstock

U.S. Bank National Association

60 Livingston Avenue

St. Paul, MN 55107

(651) 466-6229

(Name, address and telephone number of agent for service)

 

 

MGM RESORTS INTERNATIONAL *

(Issuer with respect to the Securities)

 

 

 

Delaware   88-0215232

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification No.)

3600 Las Vegas Boulevard South

Las Vegas, Nevada

   89109
(Address of Principal Executive Offices)   (Zip Code)

Debt Securities

Guarantees of Debt Securities

(Title of the Indenture Securities)

 

 

 

TABLE OF ADDITIONAL REGISTRANTS*

 

Exact Name of Registrant as Specified in Its Charter*    State or Other
Jurisdiction of
Incorporation or
Organization		   

I.R.S. Employer
Identification

Number

550 Leasing Company II, LLC    Nevada    27-2301518
AC Holding Corp.    Nevada    88-0220212
AC Holding Corp. II    Nevada    88-0220229
Arena Land Holdings, LLC    Nevada    80-0935801
Aria Resort & Casino, LLC    Nevada    20-5396350
Beau Rivage Resorts, LLC    Mississippi    81-1177162
Bellagio, LLC, dba Bellagio    Nevada    94-3373852
Circus Circus Casinos, Inc., dba Circus Circus Hotel and Casino-Las Vegas    Nevada    88-0191825
CityCenter Facilities Management, LLC    Nevada    27-3246985
CityCenter Realty Corporation    Nevada    20-5106648
CityCenter Retail Holdings Management, LLC    Nevada    74-3242574
Destron, Inc.    Nevada    88-0234293
Diamond Gold, Inc.    Nevada    88-0242688
Gold Strike L.V.    Nevada    88-0343891
Grand Garden Arena Management, LLC    Nevada    47-1783973
Grand Laundry, Inc.    Nevada    88-0298834
Las Vegas Arena Management, LLC    Nevada    47-1343574
LV Concrete Corp.    Nevada    88-0337406
MAC, Corp.    New Jersey    22-3424950
Mandalay Bay, LLC    Nevada    88-0384693
Mandalay Employment, LLC    Nevada    26-2196014
Mandalay Place, LLC    Nevada    88-0383769
Mandalay Resort Group    Nevada    88-0121916
Marina District Development Company, LLC, dba The Borgata Hotel Casino & Spa    New Jersey    22-3598642
Marina District Development Holding Co., LLC    New Jersey    22-3767831
Metropolitan Marketing, LLC    Nevada    22-3756320
MGM CC, LLC    Nevada    47-5658144
MGM Elgin Sub, Inc.    Nevada    47-5678462
MGM Grand Condominiums, LLC    Nevada    55-0806676
MGM Grand Condominiums II, LLC    Nevada    20-2116101
MGM Grand Condominiums III, LLC    Nevada    05-0627790
MGM Grand Detroit, Inc.    Delaware    91-1829051
MGM Grand Hotel, LLC, dba MGM Grand Hotel & Casino    Nevada    94-3373856
MGM Hospitality, LLC    Nevada    20-8588249
MGM International, LLC    Nevada    20-5581298
MGM Lessee, LLC    Delaware    81-1191134
MGM Public Policy, LLC    Nevada    47-1756597
MGM Resorts Advertising, Inc.    Nevada    88-0162200
MGM Resorts Arena Holdings, LLC    Nevada    80-0934685
MGM Resorts Aviation Corp.    Nevada    88-0173596
MGM Resorts Corporate Services    Nevada    88-0225681
MGM Resorts Design & Development    Nevada    88-0406202
MGM Resorts Development, LLC    Nevada    88-0368826
MGM Resorts Festival Grounds, LLC    Nevada    90-0989374
MGM Resorts Festival Grounds II, LLC    Nevada    46-5544886
MGM Resorts Global Development, LLC    Nevada    26-3463682
MGM Resorts Interactive, LLC    Nevada    45-3690532
MGM Resorts International Marketing, Inc.    Nevada    86-0868640
MGM Resorts International Operations, Inc.    Nevada    88-0471660
MGM Resorts Land Holdings, LLC    Nevada    51-0649237

 

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MGM Resorts Manufacturing Corp.    Nevada    88-0195439
MGM Resorts Mississippi, LLC    Mississippi    64-0831942
MGM Resorts Regional Operations, LLC    Nevada    47-1729937
MGM Resorts Retail    Nevada    88-0385232
MGM Resorts Sub 1, LLC    Nevada    47-1743577
MGM Resorts Sub A, LLC    Nevada    82-4505598
MGM Resorts Sub B, LLC    Nevada    82-4515273
MGM Resorts Venue Management, LLC    Nevada    47-1795517
MGM Springfield, LLC    Massachusetts    45-4315066
MH, Inc., dba Shadow Creek    Nevada    88-0245162
M.I.R. Travel    Nevada    88-0276369
Mirage Laundry Services Corp.    Nevada    88-0287118
Mirage Resorts, LLC    Nevada    88-0058016
MMNY Land Company, Inc.    New York    33-1043606
M.S.E. Investments, Incorporated    Nevada    88-0142077
Nevada Landing Partnership    Illinois    88-0311065
New Castle, LLC    Nevada    88-0239831
New York-New York Hotel & Casino, LLC, dba New York-New York Hotel & Casino    Nevada    88-0329896
New York-New York Tower, LLC    Nevada    84-1646058
Park District Holdings, LLC    Nevada    80-0938347
Park Theater, LLC    Nevada    47-1777621
PRMA, LLC    Nevada    88-0430017
PRMA Land Development Company, dba Primm Valley Golf Club    Nevada    88-0325842
Project CC, LLC    Nevada    84-1669056
Ramparts, LLC    Nevada    88-0237030
Signature Tower I, LLC    Nevada    20-5382807
Signature Tower 2, LLC    Nevada    26-3300673
Signature Tower 3, LLC    Nevada    26-3300756
The Mirage Casino-Hotel, LLC    Nevada    81-1191306
The Signature Condominiums, LLC    Nevada    33-1129331
Tower B, LLC    Nevada    42-1747200
Tower C, LLC    Nevada    42-1747202
Vdara Condo Hotel, LLC    Nevada    20-8277206
Vendido, LLC    Nevada    45-4205677
Victoria Partners, dba Monte Carlo Resort and Casino    Nevada    88-0346764
VidiAd    Nevada    88-0428375
Vintage Land Holdings, LLC    Nevada    20-8920761
Vintage Land Holdings II, LLC    Nevada    26-0181763

 

* Each additional registrant is a direct or indirect subsidiary of MGM Resorts International. The address, including zip code, and telephone number, including area code, of each registrant’s principal executive offices is c/o MGM Resorts International, 3600 Las Vegas Boulevard South, Las Vegas, Nevada 89109, telephone (702) 693-7120. The name, address, and telephone number of the agent for service for each additional registrant is John M. McManus, Executive Vice President, General Counsel and Secretary, MGM Resorts International, 3600 Las Vegas Boulevard South, Las Vegas, Nevada 89109, telephone (702) 693-7120.

 

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FORM T-1

 

Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.

 

  a) Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency

Washington, D.C.

 

  b) Whether it is authorized to exercise corporate trust powers.

Yes

 

Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

 

Items 3-15 Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

  1. A copy of the Articles of Association of the Trustee.*

 

  2. A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

 

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 

  4. A copy of the existing bylaws of the Trustee.**

 

  5. A copy of each Indenture referred to in Item 4. Not applicable.

 

  6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

  7. Report of Condition of the Trustee as of December 31, 2017 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

 

** Incorporated by reference to Exhibit 25.1 to registration statement on form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.

 

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SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of St. Paul, State of Minnesota on the 20th day of February 2018.

 

By:   /s/ Raymond Haverstock
  Raymond Haverstock
  Vice President

 

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Exhibit 2

 

LOGO   Office of the Comptroller of the Currency     
     Washington, DC 20219

CERTIFICATE OF CORPORATE EXISTENCE

I, Joseph Otting, Comptroller of the Currency, do hereby certify that:

1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.

2. “U.S. Bank National Association,” Cincinnati, Ohio (Charter No. 24), is a national banking association formed under the laws of the United States and is authorized thereunder to transact the business of banking on the date of this certificate.

 

  IN TESTIMONY WHEREOF, today, January 23, 2018, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury, in the City of Washington, District of Columbia
LOGO   LOGO
  Comptroller of the Currency

 

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Exhibit 3

 

LOGO   Office of the Comptroller of the Currency     
     Washington, DC 20219

CERTIFICATION OF FIDUCIARY POWERS

I, Joseph Otting, Comptroller of the Currency, do hereby certify that:

1. The Office of the Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.

2. “U.S. Bank National Association,” Cincinnati, Ohio (Charter No. 24), was granted, under the hand and seal of the Comptroller, the right to act in all fiduciary capacities authorized under the provisions of the Act of Congress approved September 28, 1962, 76 Stat. 668, 12 USC 92a, and that the authority so granted remains in full force and effect on the date of this certificate.

 

  IN TESTIMONY WHEREOF, today, January 23, 2018, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the U.S. Department of the Treasury, in the City of Washington, District of Columbia.
LOGO   LOGO
  Comptroller of the Currency

 

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Exhibit 6

CONSENT

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: February 20, 2018

 

By:   /s/ Raymond Haverstock
  Raymond Haverstock
  Vice President

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 12/31/2017

($000’s)

 

     12/31/2017  

Assets

   

Cash and Balances Due From Depository Institutions

    $ 19,469,911  

Securities

      111,520,538  

Federal Funds

      69,009  

Loans & Lease Financing Receivables

      279,502,730  

Fixed Assets

      4,583,971  

Intangible Assets

      12,895,144  

Other Assets

      27,984,526  
  

 

 

  

Total Assets

    $ 456,025,829  

Liabilities

   

Deposits

    $ 357,200,076  

Fed Funds

      926,018  

Treasury Demand Notes

      0  

Trading Liabilities

      1,102,222  

Other Borrowed Money

      31,004,180  

Acceptances

      0  

Subordinated Notes and Debentures

      3,300,000  

Other Liabilities

      14,979,001  
  

 

 

  

Total Liabilities

    $ 408,511,497  

Equity

   

Common and Preferred Stock

      18,200  

Surplus

      14,266,915  

Undivided Profits

      32,432,873  

Minority Interest in Subsidiaries

      796,344  
  

 

 

  

Total Equity Capital

    $ 47,514,332  

Total Liabilities and Equity Capital

    $ 456,025,829  

 

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