Studio City eyes international offering of senior secured notes

By Marisa Wong

Los Angeles, Feb. 7 – Studio City International Holdings Ltd. wholly owned subsidiary Studio City Co. Ltd. is proposing to conduct an international offering of senior secured notes, according to a press release.

The Rule 144A and Regulation S notes would be guaranteed by Studio City Investments Ltd. and all of its existing subsidiaries (other than Studio City Co.) on a senior basis. Neither major shareholder Melco Resorts & Entertainment nor Studio City International will guarantee the notes.

Proceeds will be used to partially fund the capital expenditures of the remaining project for Studio City and for general corporate purposes.

The offering is subject to market conditions and investor interest.

Studio City International is an investment holding company based in Hong Kong. The Studio City entertainment resort is located in Macau.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.