Loan & DebtMay 15, 2026, 04:38 PM
Studio City Completes Tender Offer for $196.4M Senior Notes
AI Summary
Studio City Company Limited announced the successful satisfaction of the financing condition for its conditional cash tender offer for its 7.00% senior secured notes due 2027. The offer, which expired on May 12, 2026, resulted in $196,421,000 aggregate principal amount of notes being validly tendered and accepted. The settlement occurred on May 15, 2026, with a consideration of $1,001.25 per $1,000 principal amount plus accrued interest. The remaining $153,579,000 aggregate principal amount of notes will be redeemed on June 5, 2026.
Key Highlights
- Financing condition for the conditional tender offer for 7.00% senior secured notes due 2027 has been satisfied.
- $196,421,000 aggregate principal amount of notes were validly tendered and accepted.
- The tender offer expired on May 12, 2026, with settlement on May 15, 2026.
- Notes consideration was $1,001.25 for each $1,000 principal amount, plus accrued interest.
- $153,579,000 aggregate principal amount of the 2027 SCC Senior Secured Notes remain outstanding.
- Remaining outstanding notes will be redeemed on June 5, 2026, at $1,000 per $1,000 principal amount.
Price Impact
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