Studio City International (NYSE: MSC) redeems US$165,000,000 of 2028 senior notes
Rhea-AI Filing Summary
Studio City International Holdings Limited, through its subsidiary Studio City Finance Limited, reports the completion of a partial redemption of its US$500,000,000 6.500% Senior Notes due 2028. Studio City Finance Limited has redeemed an aggregate principal amount of US$165,000,000 of these notes, described as the Redeemed Notes.
The Redeemed Notes represent 33% of the aggregate principal amount of the notes at the time of their initial listing. All Redeemed Notes have been canceled, leaving an aggregate principal amount of US$335,000,000 of the notes outstanding. The redemption date for these notes was July 18, 2026.
Positive
- US$165,000,000 of 6.500% senior notes due 2028 were redeemed and canceled, reducing the outstanding principal on this note issue to US$335,000,000.
Negative
- None.
Key Figures
Original notes issue size: US$500,000,000
Coupon rate: 6.500%
Principal redeemed: US$165,000,000
+3 more
6 metrics
Original notes issue size
US$500,000,000
6.500% Senior Notes due 2028 issued by Studio City Finance Limited
Coupon rate
6.500%
Interest rate on the Senior Notes due 2028
Principal redeemed
US$165,000,000
Aggregate principal amount of Notes redeemed as part of the partial redemption
Percentage of original notes redeemed
33%
Redeemed Notes as a percentage of aggregate principal at initial listing
Principal remaining outstanding
US$335,000,000
Aggregate principal amount of Notes remaining after cancelation of Redeemed Notes
Redemption date
July 18, 2026
Date on which the partial redemption of the Notes was completed
Key Terms
partial redemption, 6.500% Senior Notes due 2028, aggregate principal amount, Rule 324(1) of the Listing Manual, +1 more
5 terms
partial redemption financial
"completion of the partial redemption of its US$500,000,000 6.500% Senior Notes"
6.500% Senior Notes due 2028 financial
"partial redemption of its US$500,000,000 6.500% Senior Notes due 2028"
aggregate principal amount financial
"has redeemed an aggregate principal amount of US$165,000,000 of its outstanding"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
Rule 324(1) of the Listing Manual regulatory
"DISCLOSURE PURSUANT TO RULE 324(1) OF THE LISTING MANUAL"
ISIN Code financial
"ISIN Code: | | USG85381AF13 and US86389QAF90"
An ISIN code is a unique identifier for a specific financial asset, like a stock or bond, similar to a product's barcode. It helps investors, traders, and banks quickly and accurately find and track that asset across different markets worldwide. This makes buying, selling, and managing investments more organized and reliable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Studio City (MSC) announce regarding its 6.500% senior notes due 2028?
Studio City Finance Limited completed a partial redemption of its US$500,000,000 6.500% senior notes due 2028. It redeemed and canceled US$165,000,000 of these notes, representing 33% of the aggregate principal amount at the time of initial listing.
How much of Studio City (MSC) 2028 notes remain outstanding after the partial redemption?
After the partial redemption, an aggregate principal amount of US$335,000,000 of the 6.500% senior notes due 2028 remains outstanding. The redeemed portion, totaling US$165,000,000, has been fully canceled and no longer forms part of the listed notes.
What proportion of Studio City (MSC) notes was redeemed in this transaction?
The company redeemed 33% of the aggregate principal amount of its 6.500% senior notes due 2028. This 33% corresponds to US$165,000,000 of principal, based on the aggregate amount of notes outstanding at the time of their initial listing.
When did Studio City (MSC) complete the partial redemption of its 2028 notes?
The partial redemption of Studio City Finance Limited’s 6.500% senior notes due 2028 was completed on July 18, 2026. An announcement dated July 21, 2026, confirms the redemption, cancelation of redeemed notes, and the remaining outstanding principal amount.
Which entity of Studio City (MSC) is the issuer of the redeemed 2028 notes?
The issuer of the 6.500% senior notes due 2028 is Studio City Finance Limited, a subsidiary of Studio City International Holdings Limited. This entity carried out the partial redemption and cancelation of US$165,000,000 in principal amount of the notes.
Does the Studio City (MSC) announcement involve an offer to buy or sell securities?
No. The announcement explicitly states it is not an offer to purchase, subscribe for, or sell any securities. It serves solely as disclosure of the completed partial redemption and cancelation of a portion of the 6.500% senior notes due 2028.