EX-25.1 5 d89272dex251.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 TRUST NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

 

41-1973763

I.R.S. Employer Identification No.

 

1011 Centre Road, Suite 203, Delle Donne

Corporate Center, Wilmington, Delaware

  19805
(Address of principal executive offices)   (Zip Code)

Donald T. Hurrelbrink

U.S. Bank National Association

60 Livingston Avenue

St. Paul, MN 55107

(651) 466-6308

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

 

 

MGM RESORTS INTERNATIONAL1

(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)

 

 

 

 

1 

See Table of Additional Obligors


TABLE OF ADDITIONAL OBLIGORS*

 

Exact Name of Obligor 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, dba Aria Resort & Casino

   Nevada      20-5396350  

Beau Rivage Resorts, LLC, dba Beau Rivage Resort & Casino

   Mississippi      81-1177162  

Bellagio, LLC, dba Bellagio

   Nevada      94-3373852  

Cedar Downs OTB, LLC

   Ohio      34-1904857  

Circus Circus Casinos, Inc.

   Nevada      88-0191825  

Circus Circus Holdings, Inc.

   Nevada      83-4073822  

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  

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, dba Mandalay Bay Resort & Casino

   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 Dev, LLC

   Delaware      83-4064072  

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 Lessee II, LLC

   Delaware      84-4924286  

MGM MA Sub, LLC

   Massachusetts      45-4315066  

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  

MGM Resorts Manufacturing Corp.

   Nevada      88-0195439  

MGM Resorts Mississippi, LLC, dba Gold Strike Tunica

   Mississippi      64-0831942  

MGM Resorts Regional Operations, LLC

   Nevada      47-1729937  

MGM Resorts Retail

   Nevada      88-0385232  

MGM Resorts Satellite, LLC

   Nevada      82-4505598  

MGM Resorts Sub 1, LLC

   Nevada      47-1743577  

 

2


MGM Resorts Sub B, LLC

   Nevada      82-4515273  

MGM Resorts Venue Management, LLC

   Nevada      47-1795517  

MGM Yonkers, Inc., dba Empire Casino City

   New York      83-2428409  

MH, Inc., dba Shadow Creek

   Nevada      88-0245162  

Mirage Laundry Services Corp.

   Nevada      88-0287118  

Mirage Resorts, LLC

   Nevada      88-0058016  

MMNY Land Company, Inc.

   New York      33-1043606  

New Castle, LLC, dba Excalibur Hotel & Casino

   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  

Northfield Park Associates LLC, dba MGM Northfield Park

   Ohio      34-1116209  

Park District Holdings, LLC

   Nevada      80-0938347  

Park MGM, LLC, dba Park MGM Las Vegas

   Nevada      88-0346764  

Park Theater, LLC

   Nevada      47-1777621  

PRMA, LLC

   Nevada      88-0430017  

PRMA Land Development Company

   Nevada      88-0325842  

Project CC, LLC

   Nevada      84-1669056  

Ramparts, LLC, dba Luxor Hotel & Casino

   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, dba The Mirage Casino-Hotel

   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  

VidiAd

   Nevada      88-0428375  

Vintage Land Holdings, LLC

   Nevada      20-8920761  

 

*

Each additional obligor is a direct or indirect subsidiary of MGM Resorts International. The address, including zip code, and telephone number, including area code, of each obligor’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 obligor 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.

 

3


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, 2020 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

*

Incorporated by reference to Exhibit 25.4 to registration statement on form S-3ASR, Registration Number 333-202902 filed on March 20, 2015.

 

**

Incorporated by reference to Exhibit 25.4 to registration statement on form S-3ASR, Registration Number 333-202902 filed on March 20, 2015.

 

4


SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK TRUST 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 1st of March, 2021.

 

By:        

 

 

/s/ Donald T. Hurrelbrink

  Donald T. Hurrelbrink
  Vice President

 

5


Exhibit 2

 

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

CERTIFICATE OF CORPORATE EXISTENCE

I, Brian Brooks, Acting 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 Trust National Association,” Wilmington, Delaware (Charter No. 24090), 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, December 4, 2020, 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.

 

2021-00217-C                                LOGO

 

6


Exhibit 3

 

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

CERTIFICATE OF FIDUCIARY POWERS

I, Brian Brooks, Acting 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 Trust National Association,” Wilmington, Delaware (Charter No. 24090), 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, December 4, 2020, 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.

 

2021-00217-C                                LOGO

 

7


Exhibit 6

CONSENT

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK TRUST 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: March 1, 2021

 

By:          

/s/ Donald T. Hurrelbrink

  Donald T. Hurrelbrink
  Vice President

 

8


Exhibit 7

U.S. Bank Trust National Association

Statement of Financial Condition

As of 12/31/2020

($000’s)

 

     12/31/2020  

Assets

  

Cash and Balances Due From Depository Institutions

   $ 640,199  

Securities

     0  

Federal Funds

     0  

Loans & Lease Financing Receivables

     0  

Fixed Assets

     5  

Intangible Assets

     16,049  

Other Assets

     18,072  
  

 

 

 

Total Assets

   $ 674,324  

Liabilities

  

Deposits

   $ 0  

Fed Funds

     0  

Treasury Demand Notes

     0  

Trading Liabilities

     0  

Other Borrowed Money

     0  

Acceptances

     0  

Subordinated Notes and Debentures

     0  

Other Liabilities

     12,893  
  

 

 

 

Total Liabilities

   $ 12,893  

Equity

  

Common and Preferred Stock

     1,000  

Surplus

     466,570  

Undivided Profits

     193,861  

Minority Interest in Subsidiaries

     0  
  

 

 

 

Total Equity Capital

   $ 661,431  

Total Liabilities and Equity Capital

   $ 674,324  

 

9