Studio City sets roadshow for $425 million five-year notes offering

By Paul A. Harris

Portland, Ore., Jan. 22 – Studio City Co. Ltd. and Studio City Finance Ltd. will market a $425 million offering of five-year senior notes (B+) during the latter part of the Jan. 21 week, according to a market source.

The Rule 144A and Regulation S offering is expected to price early in the Jan. 28 week.

Deutsche Bank Securities Inc. is the lead.

The notes come with two years of call protection.

The Macau-based gaming and entertainment company plans to use the proceeds to help fund the tender offer for its 8½% senior notes due 2020.

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