LAS VEGAS-Paul Hastings LLP, a leading global law firm, recently represented Infinity World Development Corp., a wholly owned subsidiary of Dubai World, in connection with a successful $1.78 billion refinancing package for CityCenter Holdings, LLC, a 50/50 joint venture of Infinity World and MGM Resorts International.
The refinancing of CityCenter Holdings LLC consists of a $1.7 billion term loan that matures in 2020, as well as a $75 million revolving credit facility that comes due in 2018.
The Paul Hastings team consisted of corporate partner Rob Carlson, of counsel Lindsay Sparks, and Real Estate partners Jeffrey Diener and Robert Keane.
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. The firm provides innovative legal solutions to financial institutions and Fortune 500 companies.
CityCenter Holdings, LLC owns, develops, and operates CityCenter, a mixed-use development property in Las Vegas. Its CityCenter property consists of a 4,004-room casino resort; a 392-room non-gaming boutique hotel; an approximately 329,000 leasable-square-foot retail district that include shops, dining, and entertainment venues; a 1,495 room luxury condominium-hotel; and residential units.