Loan & DebtMay 7, 2026, 01:30 PM
Studio City Prices $300M Senior Secured Notes Due 2031
AI Summary
Studio City Company, a wholly-owned subsidiary of Studio City International Holdings Limited, announced the pricing of its international offering of US$300 million aggregate principal amount of 6.125% senior secured notes due 2031. The notes were priced at 100%. The company intends to use the net proceeds, along with cash on hand, to repurchase or redeem its outstanding 7.00% senior secured notes due 2027. The new notes are senior secured obligations and are guaranteed by Studio City Investments Limited and its existing subsidiaries.
Key Highlights
- Studio City Company priced $300 million of 6.125% senior secured notes due 2031.
- The new notes were priced at 100% of their principal amount.
- Proceeds will be used to repurchase or redeem outstanding 7.00% senior secured notes due 2027.
- The new notes are senior secured obligations, ranking equally with existing senior indebtedness.
- The notes are guaranteed by Studio City Investments Limited and its subsidiaries.