Loan & DebtMay 13, 2026, 07:07 AM
Studio City Tender Offer for 2027 Notes: $196.4M Accepted
AI Summary
Studio City Company Limited announced the results of its conditional cash tender offer for its outstanding 7.00% senior secured notes due 2027. The offer, which expired on May 12, 2026, saw US$196,421,000 aggregate principal amount of notes validly tendered, with an additional US$1,500,000 subject to guaranteed delivery procedures. Subject to conditions, Studio City Company expects to accept all validly tendered notes at a consideration of US$1,001.25 per US$1,000 principal amount, with settlement anticipated on May 15, 2026.
Key Highlights
- Tender offer for 7.00% senior secured notes due 2027.
- US$196.42 million aggregate principal amount of notes validly tendered.
- Additional US$1.5 million principal amount subject to guaranteed delivery.
- Consideration of US$1,001.25 per US$1,000 principal amount.
- Offer expired on May 12, 2026.
- Settlement expected on May 15, 2026.
Price Impact
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