MGM Growth Properties Operating Partnership LP and MGP Finance Co-Issuer Inc, consolidated subsidiaries of MGM Growth Properties LLC , have completed the issuance of $750m in aggregate principal amount of 5.75% senior notes due 2027 at par.

The $750m aggregate principal amount of the notes represents an increase of $250m from the originally announced offering size of $500m.

“We are very pleased with the strong reception our company has received in the debt capital markets, which allowed us to upsize the transaction to $750m,” said James Stewart, Chief Executive Officer of MGM Growth Properties LLC. “This transaction will provide liquidity for future potential acquisitions and improves our debt maturity profile. We appreciate the continued support of the investment community.”

The issuers plan to use the proceeds of the offering to repay revolver draws, which were primarily related to payments for acquisitions completed in 2018 or expected to be completed in early 2019, for working capital and general corporate purposes, which may include additional acquisitions and to pay fees and expenses related to the offering.