Exhibit 25.1
SECURITIESANDEXCHANGECOMMISSION
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 |
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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. |
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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, 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. |
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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 |
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Exhibit 2
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 |
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Exhibit 3
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 |
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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 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 |
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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 |
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