MGM Mirage plans a private offering of up to $845 million in senior secured notes due 2020.

The gaming company plans to use the net proceeds to pay debt under its senior credit facility. The notes will be secured by a mortgage on the MGM Grand Las Vegas.

In late February, MGM Mirage said lenders agreed to extend the deadline for repaying about $3.6 billion in debt to February 2014, if the company agreed to repay $820 million early.

Last May, MGM Mirage completed a $2.5 billion recapitalization with a $1 billion public stock offering and a private offering of $1.5 billion in senior notes.

In its fourth-quarter financial report last month, MGM Mirage said its debt was $12.5 billion.

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