Studio City (NYSE: MSC) moves to redeem $165M of 2028 debt
Rhea-AI Filing Summary
Studio City International Holdings Limited, through its subsidiary Studio City Finance Limited, has elected to partially redeem its US$500,000,000 6.500% Senior Notes due 2028. The issuer will redeem US$165,000,000 of the notes on July 18, 2026 at 100.000% of principal plus accrued interest.
Accrued and unpaid interest included in the redemption price is stated as US$0.5417 per US$1,000 principal amount, assuming the July 18, 2026 redemption date. After that date, interest on the redeemed notes will cease to accrue, and holders must surrender notes to the paying agent to receive payment.
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Insights
Studio City is retiring a sizable portion of its 2028 notes.
Studio City Finance Limited plans to redeem US$165,000,000 of its US$500,000,000 6.500% Senior Notes due 2028 at par plus accrued interest on July 18, 2026. This reduces outstanding higher-coupon debt ahead of maturity.
The notes carry a 6.500% coupon, so shrinking this issue may lower future interest expense, depending on how the redemption is funded. The transaction is mechanical and governed by the existing indenture, with no new financing terms disclosed in this excerpt.
Holders receive 100.000% of principal plus accrued interest of US$0.5417 per US$1,000, provided tax certification requirements are met to avoid maximum U.S. withholding. Subsequent company filings may clarify broader balance sheet impacts.
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partial redemption financial
Senior Notes financial
Indenture regulatory
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