America: Starting with the acquisition of MGM

Chapter 15 Heading to Casino

After leaving Citibank, Eric went to Goldman Sachs and JPMorgan Chase.

The tricks are the same, a huge sum of 1.1 billion US dollars, this bait, he doesn't believe that the bank will not be tempted.

Is he still a human being if he is not moved? Can you still be a capitalist even if you don’t make money?

Five days later, on Wednesday morning, as the family was having breakfast, the Nokia slider phone on the dining table suddenly buzzed.

Charlie Cooper answered the phone and a smile suddenly appeared on his face.

"Eric, after breakfast, let's go to JPMorgan Chase."

Eric raised his head suddenly: "So soon? I thought it would take at least half a month."

Charlie Cooper laughed loudly: "Who doesn't like money? If we don't agree, we can definitely change to several banks. Now we are a high-quality stock."

Mother Emily looked at the two father and son in confusion: "What are you talking about?"

"Nothing dear, it's all about work."

"Really? But your complexion is getting better and better. Has the movie matter been resolved?"

"No, but it's not important anymore."

JP Morgan Chase Bank, there were many people sitting in the conference room, and representatives from the three banks were all gathered.

After all, it is a loan of US$2 billion. Even if Eric has US$1.1 billion in assets, the risk still exists. It is impossible for a single bank to absorb the US$2 billion.

However, risks go hand in hand with high profits, which is even more impossible without lending, so the only option is for the three banks to join forces and swallow this piece of cake together.

The person in charge of signing the contract was a woman who looked to be in her 30s, with blond hair and blue eyes and big waves. Except for being a little short in height, she would be a beautiful vase in Hollywood.

But seeing the reserved look of the three managers in front of her, she knew that this girl was anything but simple.

"It's a pleasure to meet you, Mr. Cooper. I'm Elena, from JPMorgan Chase headquarters."

Elena took the initiative to reach out her hand, and her father shook her hand and sat down, but Eric felt that the other party pinched him deliberately and gave him a weird smile.

"What does this bitch mean? Is she turning on me?" Eric thought to himself.

Elena, however, seemed to have never happened, and sat across from the two of them with a smile.

"Mr. Cooper, I won't say any more. After discussion, we decided to loan you 32% from Citigroup, 33% from Goldman Sachs, and 35% from JPMorgan Chase."

"All the terms are clearly written in the contract, you can take a look first."

He handed the contract to his lawyer and studied it carefully. The lawyer pointed out the key points that needed attention, mainly three items.

The first is to decide the loan timing based on the progress of the acquisition of MGM. If there is no progress within 3 months, the three major banks have the right to directly withdraw the loan. If the progress goes well, it will be extended based on the progress.

The second is that if the acquisition of MGM is successful, MGM will automatically be converted into loan collateral.

The third article is that after the acquisition is completed, but MGM is still poorly managed in the hands of the Coopers and Sons, once the debt ratio exceeds 82%, the Coopers and Sons will no longer be able to raise new debt, and MGM will be directly owned by the three major banks. .

It is not difficult to see from the terms that the three major banks are targeting the fat piece of MGM. As long as they can swallow it, with the fixed assets and land owned by this old film and television company, the US$2 billion is worth it.

The two parties signed a contract, and Elena promised that the funds would arrive within a week.

"Mr. Cooper, this is my business card. If you need anything, please contact me." Elena handed over a delicate little card.

"I will, ma'am."

After shaking hands with this beautiful mature woman, the Coopers left JPMorgan Chase.

Just three days later, the money Elena promised arrived, and a full US$2 billion was deposited into the account.

On the day the money arrived, the Coopers also got on a plane to Las Vegas, the casino city and the headquarters of the MGM Hotel.

Dad has already spoken to Kerkorian on the phone in advance. The two of them have been superiors and subordinates for more than ten years, so it is not difficult to meet.

After getting off the plane, people from the MGM Hotel were already waiting. The two got in the car and went straight to the headquarters.

On the Las Vegas Strip, a luxury Lincoln parked in front of the hotel steps, and the doorman immediately came over and opened the door.

"Eric, the land we step on is the MGM Plaza, and this is the headquarters of my old boss."

Eric looked up and saw that it was indeed a very stylish and prestigious building, with quite a classical European charm.

Walking into the hotel, the lobby facing you is a sculpture of a lion with its mouth open and roaring, just like the title of MGM.

After taking a look at the architectural structure diagram, it turned out that this place was a gold-splitting cave that also catered for eating, drinking and having fun.

The built-in casino is 170,000 square meters, as big as four football fields, and includes amusement parks, cinemas, restaurants, theaters, bars, nightclubs, hospitals, etc.

Covering an area of ​​dozens of acres, although the name is a hotel, it is more than just a hotel. It is more appropriate to say it is a micro-city.

But the goods are good, but the price is naturally expensive. If you want to experience the full service here, don't even think about it if you don't have 100,000 US dollars. Ordinary people can't afford it, so they usually play slot machines in the lobby.

Arriving at the top floor, Eric walked into a luxuriously decorated office led by a young female secretary.

Seeing the two of them, an old man with white hair and wrinkles on his face stood up behind the table.

He is Kirk Kerkorian, a famous American casino tycoon. He is 85 years old this year, but he is in good spirits and does not look like an old man of this age at all.

Since he rarely appears in the media, some people in China and even the world may have heard of this name, but there are far fewer people who have seen his appearance.

If you want to make an analogy, it is probably the media tycoon Rupert Murdoch.

"Charlie Cooper, my old man, you're looking younger and younger."

Dad took the initiative to step forward and hugged Kerkorian, who then looked at Eric.

"Who is this handsome little guy? Please introduce him to me."

Charlie Cooper laughed: "My son Eric, he is your admirer and insists on coming to see you."

Eric stepped forward: "Hello sir, your hotel is an eye-opener for me. She is so gorgeous."

Kerkorian suddenly smiled: "Really? Then you can have some fun and let Lisa accompany you to exchange chips for a walk."

Eric looked at his father, and Charlie Cooper nodded, saying it was okay.

Eric still trusts his father's ability.

Of course, it’s not about his film vision, but his business acumen, otherwise he wouldn’t have been an executive for more than ten years.

I was able to earn start-up capital with my forward-looking vision, but my father still had to take the lead in all subsequent negotiations, as he was more proficient in this area.

Since Kerkorian didn't want to get involved, there was no need to cause trouble. Eric simply followed the seductive secretary downstairs.

Don't keep reading books. If you don't read them, you will die if you keep them.