Palo Alto, CA
-- Paul Hastings LLP, a leading global law firm, announced today that it 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. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.