>MGM Mirage Boosts Size of Debt Sale to $1 Billion

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>April 16 (Bloomberg) — MGM Mirage, the biggest casino owner on the Las Vegas Strip, increased its convertible debt sale to $1 billion after investors sought more than the planned $750 million.

Initial buyers of the 4.25 percent convertible senior notes due in 2015 have the option to purchase $150 million more to cover overallotments, the Las Vegas-based company said yesterday in a statement. The owner of 10 Strip resorts said it will use the funds to refinance part of its senior credit facility.

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