MGM MIRAGE Amends Senior Bank Credit Facility

LAS VEGAS, Oct. 6 /PRNewswire-FirstCall/—MGM MIRAGE (NYSE:MGM) announced today that it has entered into Amendment No. 1 (the “Amendment”) to the Company’s Fifth Amended and Restated Loan Agreement by and among the Company, MGM Grand Detroit, LLC, as initial co-borrower, and the lenders named therein.

“We are pleased by the overwhelming support our financial partners have shown in our Company,” said Dan D’Arrigo, Executive Vice President and CFO of MGM MIRAGE. “MGM enjoys one of the strongest balance sheets in our industry and although we have remained comfortably within all of our financial requirements, we believe it is a prudent course of action to maintain greater financial flexibility in these uncertain credit markets.”

The Amendment increases the maximum total leverage ratio, modifies drawn and undrawn pricing levels as well as revises certain definitions and limitations on secured indebtedness. The foregoing description of the Fifth Amended and Restated Loan Agreement and this Amendment does not purport to be complete and is qualified in its entirety by the respective terms of each of these agreements. A complete copy of each of these documents can be obtained by visiting the Company’s website at http://www.mgmmirage.com/ or the SEC’s website at http://sec.gov/.

Source: MGM MIRAGE

CONTACT: Investment Community, Dan D’Arrigo, EVP & Chief Financial
Officer, +1-702-693-8895, or Media, Alan M. Feldman, Senior Vice President of
Public Affairs, +1-702-650-6947, .(JavaScript must be enabled to view this email address), both of MGM MIRAGE

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