Melco Resorts Finance Announces Pricing of Senior Notes Offering
Melco Resorts Finance (NASDAQ:MLCO) has announced the pricing of its new senior notes offering, consisting of US$500 million aggregate principal amount of 6.500% senior notes due 2033. The notes were priced at 100% of face value.
The proceeds will be used to fund a conditional cash tender offer for all outstanding 5.250% senior notes due 2026, cover related fees and costs, and potentially redeem any remaining 2026 notes. The new notes will rank equally with existing and future senior indebtedness, though Melco will not be a guarantor.
The offering is limited to qualified institutional buyers in the US under Rule 144A and international investors under Regulation S, with no plans for US registration.
Melco Resorts Finance (NASDAQ:MLCO) ha annunciato la determinazione del prezzo della sua nuova emissione di note senior, composta da US$500 milioni di importo principale aggregato di note senior al 6,500% con scadenza nel 2033. Le note sono state offerte al prezzo del 100% del valore nominale.
I proventi saranno utilizzati per finanziare un’offerta di rimborso condizionale in contanti per tutte le note senior residue 5,250% in scadenza 2026, coprire le relative commissioni e costi e potenzialmente rimborsare eventuali rimanenti note del 2026. Le nuove note avranno rango pari alle obbligazioni senior esistenti e future, anche se Melco non sarà garante.
L’offerta è riservata a qualified institutional buyers negli USA ai sensi della Rule 144A e a investitori internazionali ai sensi del Regulation S, senza piani di registrazione negli Stati Uniti.
Melco Resorts Finance (NASDAQ:MLCO) ha anunciado la fijación del precio de su nueva emisión de bonos senior, consistentes en US$500 millones de importe principal agregado de notas senior al 6,500% con vencimiento en 2033. Las notas se tasaron al 100% de su valor nominal.
Los ingresos se destinarán a financiar una oferta condicional de reembolso en efectivo para todas las notas senior pendientes del 5,250% con vencimiento en 2026, cubrir las comisiones y costos asociados y, potencialmente, canjear las notas 2026 restantes. Las nuevas notas tendrán el mismo rango que las obligaciones senior existentes y futuras, aunque Melco no será garante.
La oferta está limitada a compradores institucionales calificados en Estados Unidos bajo la Regla 144A y a inversores internacionales bajo el Reglamento S, sin planes de registro en EE. UU.
Melco Resorts Finance (NASDAQ:MLCO)가 새로운 시니어 노트 발행의 가격을 발표했습니다. 2033년 만기 6.500% 시니어 노트 총액 US$5억으로 구성되어 있습니다. 노트의 가격은 면가의 100%로 결정되었습니다.
수익은 모든 미상환 2026년 만기 5.250% 시니어 노트에 대한 조건부 현금 매입 공시를 위한 자금으로 사용되며, 관련 수수료 및 비용을 충당하고 남아있는 2026년 노트를 상환할 수 있습니다. 신규 노트는 기존 및 향후 시니어 부채와 동등한 순위를 가지지만 멜코는 보증인이 아닙니다.
이번 발행은 미국 내 자격 있는 기관투자자(Rule 144A) 및 Regulation S에 따라 국제 투자자에게 한정되며 미국 내 등록 계획은 없습니다.
Melco Resorts Finance (NASDAQ:MLCO) a annoncé le fixing du prix de sa nouvelle émission d’obligations senior, comprenant US$500 millions d’une somme principale agrégée d’obligations senior à 6,500% échéant en 2033. Les obligations ont été remisées à 100% de leur valeur nominale.
Le produit des fonds sera utilisé pour financer une offre de rachat conditionnel en espèces pour toutes les obligations senior 5,250% arrivant à échéance en 2026 en circulation, couvrir les frais et coûts associés et, potentiellement, racheter les notes 2026 restantes. Les nouvelles obligations seront classées au même rang que les dettes senior existantes et futures, bien que Melco ne soit pas garantisseur.
L’offre est limitée aux acheteurs institutionnels qualifiés aux États‑Unis en vertu de la Rule 144A et aux investisseurs internationaux en vertu du Reglement S, sans plans d’enregistrement aux États‑Unis.
Melco Resorts Finance (NASDAQ:MLCO) hat die Festlegung des Preises für seine neue Seniornotes-Anlage bekannt gegeben, bestehend aus US$500 Millionen Gesamtnennbetrag an Senior Notes mit einer Rendite von 6,500% fällig 2033. Die Notes wurden zum Nominalwert von 100% aufgelegt.
Die Erlöse sollen verwendet werden, um ein bedingtes Barangebot zum Rückkauf aller ausstehenden 5,250% Senior Notes fällig 2026 zu finanzieren, damit verbundene Gebühren und Kosten zu decken und möglicherweise verbleibende 2026-Noten zu kündigen. Die neuen Anleihen haben gleichrangige Stellung zu bestehenden und zukünftigen Seniorverbindlichkeiten, doch Melco wird kein Garant sein.
Das Angebot richtet sich an qualifizierte institutionelle Käufer in den USA gemäß Rule 144A und an internationale Investoren gemäß Regulation S, ohne Pläne einer US-Registrierung.
Melco Resorts Finance (NASDAQ:MLCO) أعلنت عن تسعير عرضها الجديد للسندات الممتازة، المكوَّن من US$500 مليون قيمة اسمية إجمالية لسندات ممتازة فئة 6.500% تستحق في 2033. تم تسعير السندات عند 100% من القيمة اسمية.
سيتم استخدام العائدات لتمويل عرض استرداد نقدي مشروط لجميع سندات ممتازة 5.250% مستحقة 2026 القائمة، وتغطية الرسوم والتكاليف المرتبطة، وربما استرداد أي سندات 2026 المتبقية. ستتساوى السندات الجديدة في الترتيب مع الدين الممتاز الحالي والمستقبلي، مع عدم كون شركة Melco كضامن.
يقتصر العرض على المشترين المؤسسيين المؤهلين في الولايات المتحدة بموجب القاعدة 144A والمستثمرين الدوليين بموجب التنظيم S، دون خطط لتسجيل في الولايات المتحدة.
Melco Resorts Finance (NASDAQ:MLCO) 已宣布其新一轮 senior notes 的定价，包含 总额为 US$5亿美元、票面利率 6.500%、到期日为 2033 年的 senior notes。票据按面值的 100% 定价。
募集资金将用于资助对所有未偿还的 2026 年到期的 5.250% senior notes 的有条件现金收购要约，覆盖相关费用及成本，并可能赎回任何剩余的 2026 年票据。新票据将与现有及未来的 senior 债务同等排名，尽管 Melco 不提供担保。
本次发行仅面向美国的合格机构买家（Rule 144A）及遵循 Regulation S 的国际投资者，且无美国注册计划。
- New notes offering of US$500 million provides significant refinancing capacity
- Extended debt maturity profile to 2033 improves financial flexibility
- Tender offer for 2026 notes demonstrates proactive liability management
- Higher interest rate of 6.500% on new notes compared to 5.250% on existing notes
- Increased interest expense will impact future cash flows
- Parent company Melco not providing guarantee on the new notes
Insights
Melco Resorts is refinancing debt by issuing $500M in higher-yield notes, extending maturity while increasing interest costs.
Melco Resorts Finance has priced a $500 million offering of senior notes with a 6.500% interest rate maturing in 2033. The company intends to use these funds primarily to repurchase its existing 5.250% senior notes due 2026 through a conditional tender offer announced just yesterday.
This refinancing transaction reveals two key financial implications. First, Melco is successfully extending its debt maturity profile by 7 years (from 2026 to 2033), which improves its long-term liquidity position and reduces near-term refinancing pressures. However, this comes at the cost of accepting a 125 basis point higher interest rate on the new debt.
The higher coupon rate reflects the current elevated interest rate environment compared to when the original notes were issued. This will increase Melco's annual interest expenses by approximately $6.25 million on this portion of debt, assuming full replacement of the 2026 notes.
The transaction is being executed through a Rule 144A and Regulation S offering, limiting it to qualified institutional buyers in the US and international investors, which is standard practice for these types of debt issuances. While the company gains breathing room with the extended maturity, the higher interest burden will impact cash flows over the longer term, though the company likely views this tradeoff as necessary given market conditions.
MACAU, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited (“Melco Resorts Finance”) today announces that it has priced its international offering of senior notes (the “New Notes”, and such offering, the “New Notes Offering”). Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited (“Melco”).
The offering consists of US
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. Melco will not be a guarantor of the New Notes.
The New Notes are being offered and sold in the United States to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and outside of the United States in reliance on Regulation S under the Securities Act. The New Notes have not been and will not be registered under the Securities Act or under the securities laws of any state or other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state laws. Melco Resorts Finance does not intend to register any portion of the offering of the New Notes in the United States.
This press release is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities referred to herein. Nothing in this press release constitutes an offer to buy, or a solicitation of an offer to sell, securities in the United States or any other jurisdiction in which such offer or solicitation would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Melco Resorts Finance’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) risks associated with the amended Macau gaming law and its implementation by the Macau government, (ii) changes in the gaming market and visitations in Macau, (iii) capital and credit market volatility, (iv) local and global economic conditions, (v) our anticipated growth strategies, (vi) gaming authority and other governmental approvals and regulations, and (vii) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”, “believe”, “potential”, “continue”, “is/are likely to” or other similar expressions. Any forward-looking statements made in the New Notes Offering documents or the Conditional Tender Offer documents speak only as of the date thereof and all information provided in this press release is as of the date of this press release, and Melco Resorts Finance does not undertake any duty to update such information, except as required under applicable law.
For investment community, please contact:
Jeanny Kim
Senior Vice President, Group Treasurer
Tel: +852 2598 3698
Email: jeannykim@melco-resorts.com
For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com
FAQ
What is the size and interest rate of Melco Resorts Finance's (MLCO) new senior notes offering?
How will MLCO use the proceeds from the 2033 senior notes offering?
Who can participate in Melco Resorts Finance's 2033 notes offering?
What is the pricing of MLCO's 2033 senior notes?
Will Melco guarantee the new 2033 senior notes?
