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Apex Trader Funding - News

Melco Resorts Finance Announces Pricing of Senior Notes Offering

MACAU, April 09, 2024 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited ("Melco Resorts Finance") announces that it has priced its international offering of senior notes (the "New Notes"). Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited ("Melco"). The offering consists of US$750 million aggregate principal amount of 7.625% senior notes due 2032. The New Notes were priced at 100%. Melco Resorts Finance intends to use the net proceeds from the offering to partially repay the principal amount outstanding under the revolving credit facility, pursuant to a senior facilities agreement entered into by MCO Nominee One Limited, a subsidiary of Melco Resorts Finance, on April 29, 2020, as amended or supplemented from time to time, together with accrued interest and associated costs, and any remaining balance for general corporate purposes. The New Notes are proposed to be senior obligations of Melco Resorts Finance, ranking equally with all of Melco Resorts Finance's existing and future senior indebtedness. Melco will not be a guarantor of the New Notes. The New Notes are being offered and sold in the United ...