Loan & DebtJun 9, 2026, 08:51 AM
Melco Extends $1.94B Credit Facility to 2031, Adds $821.6M Incremental Facility
AI Summary
Melco Resorts & Entertainment Limited announced the extension of its HK$15.24 billion (approximately $1.94 billion) revolving credit facility from April 29, 2027, to June 9, 2031. Additionally, the company established an incremental facility of HK$6.44 billion (approximately $821.6 million) under the same terms. This increases the total commitments under the 2020 Credit Facilities to HK$21.68 billion (approximately $2.77 billion), with key terms like pricing and financial covenants remaining unchanged.
Key Highlights
- Melco extended its HK$15.24 billion (approx. $1.94 billion) revolving credit facility.
- The maturity date was extended from April 29, 2027, to June 9, 2031.
- An incremental facility of HK$6.44 billion (approx. $821.6 million) was established.
- Total commitments under the 2020 Credit Facilities now stand at HK$21.68 billion (approx. $2.77 billion).
- Key terms, including pricing and financial covenants, remain unchanged.
- Customary fees were paid to consenting lenders and incremental facility lenders.
Price Impact
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