Studio City Company announces proposed senior secured notes offering
Studio City Company Limited announced it proposes to conduct an international offering of senior secured notes, according to a company statement. Studio City Company is a wholly-owned subsidiary of Studio City International Holdings Limited.
The proposed notes would be senior secured obligations of Studio City Company, ranking equally with existing and future senior indebtedness. The notes would be guaranteed by Studio City Investments Limited and its existing subsidiaries, excluding Studio City Company itself. Neither Melco Resorts & Entertainment Limited nor Studio City International Holdings Limited will guarantee the notes.
The company plans to use net proceeds from the offering, combined with cash on hand, to repurchase all outstanding 7.00% senior secured notes due 2027 through a concurrent tender offer. Any remaining 2027 notes would be redeemed following the tender offer completion.
The interest rate and other terms will be determined at pricing. The offering completion depends on market conditions and investor interest. No binding agreement has been entered into, and the notes may not be issued.
The notes would be offered to qualified institutional buyers in the United States under Rule 144A and to non-US persons outside the United States under Regulation S. The notes will not be registered under the Securities Act of 1933 or other securities laws.
The information is based on a company press release statement issued May 6, 2026.
