LAS VEGAS, April 18 (UPI) -- Bondholders for struggling casino owner MGM Mirage are discussing swapping debt for equity stakes after a possible bankruptcy filing, sources say.
Quoting "people familiar with the situation," Saturday's Wall Street Journal said discussions involving large MGM Mirage bondholders such as activist investor Carl Icahn and private-equity fund Oaktree Capital Management are focusing on having the Las Vegas firm file for Chapter 11 bankruptcy protection and then pumping in new capital.