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Melco Resorts to repay revolver, term loan using new note proceeds
Chicago, Nov. 25 – Melco Resorts Finance Ltd. plans to use the proceeds from a new note offering for loan repayment, according to a notice.
The company intends to make a full repayment of the principal amount outstanding under the revolving credit facility and a partial repayment of the principal amount outstanding under the term loan facility under the amended and restated credit facilities entered into by Melco Resorts (Macau) Ltd.
Melco Resorts & Entertainment Ltd. plans to price a $650 million offering of 10-year senior notes (Ba2/BB) on Tuesday with Melco Resorts Finance as issuer.
Melco is a Macau-based owner and operator of gaming and resort properties. Melco Resorts (Macau) is a subsidiary of Melco Resorts Finance.
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