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Macau-based Melco Resorts to price $500 million notes on Wednesday
By Paul A. Harris
Portland, Ore., April 16 – Melco Resorts & Entertainment Ltd. plans to price $500 million of senior fixed-rate notes (expected ratings Ba2/BB) on Wednesday, according to market sources.
Deutsche Bank and ANZ are the joint bookrunners for the Rule 144A and Regulation S offering.
The issuing entity will be Melco Resorts Finance Ltd., a wholly owned subsidiary of Melco Resorts & Entertainment.
The Macau-based owner and operator of gaming and resort properties plans to use the proceeds to pay down its revolving credit facility under the Melco Resorts (Macau) Ltd. amended and restated credit agreement.
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