Melco Resorts to partially repay revolver borrowings via new notes

By Marisa Wong

Morgantown, W.Va., April 16 – Melco Resorts & Entertainment Ltd. subsidiary Melco Resorts Finance Ltd. plans to repay some of the principal amount outstanding under its revolving credit facility using proceeds from an offering of senior notes, according to a news release.

The company plans to price $500 million of senior fixed-rate notes (expected ratings Ba2/BB) on Wednesday, according to market sources.

Melco Resorts Finance’s subsidiary, Melco Resorts (Macau) Ltd., entered into the revolver in 2015.

Melco is a Macau-based owner and operator of gaming and resort properties.

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