April 5, 2018 / 12:57 PM / 2 months ago

BRIEF-MGM Growth Properties To Acquire Hard Rock Rocksino Northfield Park For About $1.06 Bln

* MGM GROWTH PROPERTIES LLC ANNOUNCES AGREEMENT TO ACQUIRE THE HARD ROCK ROCKSINO NORTHFIELD PARK

* DEAL FOR APPROXIMATELY $1.06 BILLION

* ‍MGP PLANS TO FUND PURCHASE PRICE WITH A COMBINATION OF CASH ON HAND AND DEBT​

* PARTY OPERATOR

* MEMBERSHIP INTEREST PURCHASE DEAL WILL BE FOR 100% OF OUTSTANDING LIMITED LIABILITY CO INTERESTS IN NORTHFIELD PARK ASSOCIATES

* MGP INTENDS TO RETAIN OWNERSHIP OF REAL ESTATE, ANTICIPATING $50 TO $60 MILLION OF ANNUAL RENT Source text for Eikon: Further company coverage:

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