Melco Resorts Finance proposes Senior Notes Offering to pay down Macau debt

first_imgMelco Resorts Finance Limited, the wholly-owned subsidiary of Melco Resorts & Entertainment Limited that develops and operates its Macau integrated resorts, has proposed to conduct an international offering of senior notes in order to partially repay debt.Specifically, the offering would see Melco Resorts Finance pay the principal amount outstanding under a revolving credit facility entered into in 2015. The credit facility totaled HK$13.65 billion at the time, comprising a HK$3.90 billion term loan facility and a HK$9.75 billion revolving credit facility; Wynn Resorts to undergo internal restructure as part of refinancing plan Load More Melco International Development grants Evan Winkler HK$269 million share options IGT announces offering of €500,000,000 senior secured notes The company said the new notes are proposed to be senior obligations of Melco Resorts Finance, ranking equally with all of Melco Resorts Finance’s existing and future senior indebtedness.The interest rate and other terms of the new notes will be determined at the time of pricing of the offering, assuming it goes ahead. RelatedPostslast_img

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