MACAU, Feb. 07, 2022 (GLOBE NEWSWIRE) — Studio City Company Limited (“Studio City Company”) in the present day pronounces that it proposes to conduct a world providing of senior secured notes (the “Notes”) and the online proceeds from the proposed providing might be used to partially fund the capital expenditures of the remaining undertaking for Studio City and for common company functions. Studio City Company is a wholly-owned subsidiary of Studio City International Holdings Limited (“SCIHL”).
The Notes are proposed to be senior obligations of Studio City Company, rating equally in proper of cost with all current 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 might be secured by widespread collateral securing the proposed Notes may have precedence over the proposed Notes with respect to any proceeds obtained upon any enforcement motion of such widespread collateral), and rating senior in proper of cost to all current and future subordinated indebtedness of Studio City Company. The Notes are proposed to be assured by Studio City Investments Limited and all of its current 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.
The rate of interest and different phrases of the Notes might be decided on the time of pricing of the providing. Completion of the proposed Notes providing is topic to market circumstances and investor curiosity. As no binding settlement in relation to the proposed Notes has been entered into as on the date of this press launch, the proposed Notes might or will not be issued.
The Notes and the Note Guarantees are being proposed to be provided 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 proposed 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 will not be provided 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 proposed Notes and the Note Guarantees within the United States.
This press launch is for info functions solely. Nothing on this press launch constitutes a suggestion to purchase, or a solicitation of a suggestion to promote, securities within the United States or another jurisdiction by which such provide 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 accommodates 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 information, 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 numerous components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion. These components embrace, however should not restricted to, (i) the worldwide pandemic of COVID-19, precipitated by a novel pressure of the coronavirus, and the continued impression of its penalties on our business, our trade and the worldwide economy, (ii) development of the gaming market and visitations in Macau, (iii) capital and credit score market volatility, (iv) native and international financial circumstances, (v) our anticipated development methods, (vi) gaming authority and different governmental approvals and rules, (vii) proposed amendments to the gaming legislation in Macau, the extension of present concessions and subconcessions and tender for brand new gaming concessions, and (viii) our future business growth, outcomes of operations and monetary situation. In some circumstances, forward-looking statements will be recognized by phrases or phrases comparable 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 converse solely as of the date thereof and all info supplied 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 legislation.
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]
