Studio City Company Limited announced a conditional cash tender offer for all outstanding 7.00% senior secured notes due 2027. The company will pay $1,001.25 for each $1,000 principal amount of notes validly tendered.

The tender offer expires at 5:00 p.m. New York time on May 12, 2026. Notes may be withdrawn until the same deadline. The settlement is expected to occur on May 15, 2026, subject to financing conditions.

The tender offer depends on Studio City Company receiving sufficient net proceeds from a planned notes offering, combined with existing cash, to fund both the tender offer and redemption of any remaining notes. The company has also issued a conditional redemption notice for all outstanding 2027 notes, with redemption scheduled for June 5, 2026, at $1,000 per $1,000 principal amount plus accrued interest.

Deutsche Bank AG, Singapore Branch serves as dealer manager for the transaction. Kroll Issuer Services Limited acts as tender and information agent. The company reserves the right to extend, amend or terminate the offer.

Notes will be accepted in minimum denominations of $200,000 and integral multiples of $1,000 above that amount. The redemption is also subject to the same financing condition as the tender offer.

The information is based on the company's press release statement. Studio City Company has not made recommendations regarding whether holders should participate in the tender offer.