Studio City Company Limited priced $300 million aggregate principal amount of 6.125% senior secured notes due 2031, the company announced. The notes were priced at 100% of their face value.

Studio City Company, a wholly-owned subsidiary of Studio City International Holdings Limited, plans to use the net proceeds from the offering along with cash on hand to repurchase its outstanding 7.00% senior secured notes due 2027 through a conditional cash tender offer announced May 6, 2026. Any remaining 2027 notes will be redeemed in full.

The new notes will rank equally with existing and future senior indebtedness of Studio City Company, though liabilities under $30 million senior secured credit facilities will have priority over the new notes regarding proceeds from enforcement actions on common collateral. The notes will be guaranteed by Studio City Investments Limited and its existing subsidiaries, excluding Studio City Company itself.

The offering targets qualified institutional buyers in the United States under Rule 144A and non-US persons outside the United States under Regulation S of the Securities Act of 1933. The notes have not been registered under the Securities Act and Studio City Company does not intend to register any portion of the offering in the United States.

The information is based on the company's press release statement.