Studio City (NYSE: MSC) retires all 7% 2027 senior secured notes
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Studio City Company Limited, an affiliate of Studio City International Holdings, has fully redeemed its 7.000% senior secured notes due 2027. The company repaid an aggregate principal amount of US$153,579,000, which represented about 43.9% of the aggregate principal amount at the time of the notes’ initial listing.
All of the redeemed notes have been canceled and no notes of this series remain outstanding following the June 5, 2026 redemption.
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Insights
Studio City retires its 7% 2027 secured notes in full, simplifying its debt stack.
The company has redeemed an aggregate principal amount of US$153,579,000 of 7.000% senior secured notes due 2027. These redeemed notes represented about 43.9% of the notes’ aggregate principal amount at initial listing, indicating prior redemptions before this transaction.
After canceling the redeemed notes, no notes of this series remain outstanding. This removes future obligations under this specific 7.000% secured issue and may alter the company’s interest profile and collateral structure, although broader balance sheet effects are not detailed in the excerpt.
Key Figures
Redeemed principal: US$153,579,000
Coupon rate: 7.000%
Portion of initial listing: 43.9%
+2 more
5 metrics
Redeemed principal
US$153,579,000
Aggregate principal amount of 7.000% senior secured notes redeemed
Coupon rate
7.000%
Interest rate on senior secured notes due 2027
Portion of initial listing
43.9%
Redeemed notes as share of aggregate principal at initial listing
Maturity year of notes
2027
Original due year of the redeemed senior secured notes
Redemption date
June 5, 2026
Date on which the 7.000% notes were redeemed
Key Terms
7.000% senior secured notes, aggregate principal amount, Rule 324(1), Listing Manual, +2 more
6 terms
7.000% senior secured notes financial
"its outstanding 7.000% senior secured notes due 2027 (the “Notes”)"
aggregate principal amount financial
"has redeemed an aggregate principal amount of US$153,579,000 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) regulatory
"DISCLOSURE PURSUANT TO RULE 324(1) OF THE LISTING MANUAL"
Listing Manual regulatory
"RULE 324(1) OF THE LISTING MANUAL OF THE SINGAPORE EXCHANGE"
ISIN Code financial
"The details of the Redeemed Notes are as follows ISIN Code:"
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.
CUSIP Numbers financial
"CUSIP Numbers: | | G8539E AC9 and 86400G AC3"
CUSIP numbers are nine-character codes that uniquely identify U.S. and Canadian stocks, bonds and other registered securities, acting like a barcode or social‑security number for each specific issue. They matter to investors because they remove confusion between similar-looking securities, help prevent costly trade and settlement errors, and make it easy to find precise price history, ownership records and regulatory filings for the exact instrument you own or are evaluating.
FAQ
What did Studio City (MSC) announce regarding its 7.000% notes due 2027?
Studio City Company Limited announced it has redeemed its 7.000% senior secured notes due 2027. It repaid an aggregate principal amount of US$153,579,000, canceled those notes, and confirmed that no notes of this series remain outstanding after the June 5, 2026 redemption.
How large was the Studio City (MSC) note redemption in principal amount?
The redemption covered an aggregate principal amount of US$153,579,000 of Studio City Company Limited’s 7.000% senior secured notes. This figure reflects the portion redeemed under the referenced notice and represents a substantial repayment of this specific bond issue before its 2027 maturity.
What proportion of Studio City (MSC) notes did the redeemed amount represent?
The redeemed US$153,579,000 of notes represented approximately 43.9% of the aggregate principal amount of the 7.000% senior secured notes at the time of their initial listing. Earlier redemptions or changes mean this percentage is measured against the original listing size, not current outstanding.
Are any of Studio City (MSC) 7.000% senior secured notes due 2027 still outstanding?
No notes of this 7.000% senior secured series remain outstanding. Studio City Company Limited stated it has redeemed the relevant notes and canceled all of the redeemed securities, leaving the entire series fully repaid and removed from circulation after the June 5, 2026 redemption date.
When did Studio City (MSC) complete the redemption of its 7.000% 2027 notes?
The date of redemption for the 7.000% senior secured notes due 2027 was June 5, 2026. This is when Studio City Company Limited applied the redemption referenced in its earlier notice, repaid US$153,579,000 in principal, and initiated cancellation of the redeemed notes.
Which securities were affected by Studio City (MSC)’s June 2026 redemption?
The redemption affected Studio City Company Limited’s 7.000% senior secured notes due 2027, identified by ISIN codes USG8539EAC96 and US86400GAC33 and CUSIP numbers G8539E AC9 and 86400G AC3. All redeemed notes from this series were subsequently canceled, leaving none outstanding.