SAN FRANCISCO - Bank of America Corp. will deal the first hand of financing for MGM Grand's $4.4 billion acquisition of Mirage Resorts.

The Charlotte, N.C.-based banking company said Thursday it had been named sole lead agent for $4 billion of senior credit facilities that are expected to close at the end of the fourth quarter. As many as 35 other banks may be brought in to help finance the deal. Bank of America said it plans make the rounds to other institutions once it decides the timing of the deal with MGM in the next few weeks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.