SAN FRANCISCO - Bank of America said it will lead a syndicate of five outside investors to provide $48 million in equipment lease financing for MGM Grand Inc.'s MGM Grand Hotel, Casino, and Theme Park that opens this month.

The company said the lease includes furniture, fixtures and equipment, and action rides.

BankAmerica Leasing, another BankAmerica Corp. unit, acted as agent for the transaction and made an independent investment in the syndicate. Bank of America is lead and agent bank for MGM, and Bank of America Nevada is the operating bank.

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