MACAU, Feb. 09, 2022 (GLOBE NEWSWIRE) — Studio City Company Limited (“Studio City Company”) at present proclaims that it priced its worldwide providing of senior secured notes due 2027. Studio City Company is a wholly-owned subsidiary of Studio City International Holdings Limited (“SCIHL”).
The providing consists of US$350 million mixture principal quantity of 7.00% senior secured notes due 2027 (the “Notes”) and the Notes had been priced at 100%. Studio City Company intends to make use of the web proceeds from the providing to partially fund the capital expenditures of the remaining venture for Studio City and for common company functions.
The Notes are proposed to be senior obligations of Studio City Company, rating equally in proper of fee with all present and future senior indebtedness of Studio City Company (though any liabilities in respect of obligations beneath the senior secured credit score amenities with Studio City Company as borrower which can be secured by widespread collateral securing the Notes can have precedence over the Notes with respect to any proceeds obtained upon any enforcement motion of such widespread collateral), and rating senior in proper of fee to all present and future subordinated indebtedness of Studio City Company. The Notes are proposed to be assured by Studio City Investments Limited and all of its present subsidiaries (aside from Studio City Company) on a senior foundation (the “Note Guarantees”). Neither Melco Resorts & Entertainment nor SCIHL might be a guarantor for the Notes.
Completion of the providing is topic to customary closing circumstances. Approval-in-principle has been obtained for the itemizing of the Notes on the Singapore Exchange Securities Trading Limited (the “SGX-ST”). Admission of the Notes to the SGX-ST is to not be taken as a sign of the deserves of Studio City Company or the Notes.
The Notes and the Note Guarantees are being supplied and bought within the United States to certified institutional consumers pursuant to Rule 144A beneath the U.S. Securities Act of 1933, as amended (the “Securities Act”), and out of doors of the United States in reliance on Regulation S beneath the Securities Act. The Notes and the Note Guarantees is not going to be registered beneath the Securities Act or beneath the securities legal guidelines of any state or different jurisdiction and might not be supplied or bought within the United States absent registration or an relevant exemption from the registration necessities of the Securities Act and any relevant state legal guidelines. Studio City Company doesn’t intend to register any portion of the providing of the Notes and the Note Guarantees within the United States.
This press launch is for info functions solely. Nothing on this press launch constitutes a proposal to purchase, or a solicitation of a proposal to promote, securities within the United States or every other jurisdiction through which such supply or solicitation can be illegal. This press launch is being issued pursuant to and in accordance with Rule 135c beneath the Securities Act.
Safe Harbor Statement
This press launch comprises forward-looking statements. These statements are made beneath the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that aren’t historic details, together with statements concerning the Studio City Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements contain inherent dangers and uncertainties, and a quantity of elements may trigger precise outcomes to vary materially from these contained in any forward-looking assertion. These elements embrace, however aren’t restricted to, (i) the worldwide pandemic of COVID-19, brought on by a novel pressure of the coronavirus, and the continued affect of its penalties on our business, our business and the worldwide economy, (ii) development of the gaming market and visitations in Macau, (iii) capital and credit score market volatility, (iv) native and world financial circumstances, (v) our anticipated development methods, (vi) gaming authority and different governmental approvals and laws, (vii) proposed amendments to the gaming regulation in Macau, the extension of present concessions and subconcessions and tender for brand spanking new gaming concessions, and (viii) our future business growth, outcomes of operations and monetary situation. In some circumstances, forward-looking statements might be recognized by phrases or phrases similar to “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”, “believe”, “potential”, “continue”, “is/are likely to” or different related expressions. Any forward-looking statements made within the Notes providing paperwork communicate solely as of the date thereof and all info offered on this press launch is as of the date of this press launch, and Studio City Company doesn’t undertake any obligation to replace such info, besides as required beneath relevant regulation.
For funding group, please contact:
Robin Yuen
Director, Investor Relations
Tel: +852 2598 3619
Email: [email protected]
For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: [email protected]
