Studio City starts roadshow for $300 million five-year secured notes

By Paul A. Harris

Portland, Ore., Feb. 7 – Studio City International Holdings Ltd. wholly owned subsidiary Studio City Co. Ltd. started a roadshow on Monday for a $300 million offering of five-year senior secured notes, according to market sources.

The deal is expected to price on Wednesday.

Deutsche Bank is leading the Rule 144A and Regulation S offering.

The notes come with two years of call protection.

The Macau-based entertainment resort plans to use the proceeds to partially fund the capital expenditures of the remaining project for Studio City and for general corporate purposes.

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