Apr 18, 2019 Newsdesk Latest News, Macau, Top of the deck  
A subsidiary of casino investor Melco Resorts and Entertainment Ltd says it has priced an offering of new debt which is part of a rearrangement of its borrowings.
The company’s subsidiary, Melco Resorts Finance Ltd, issued a written statement on Wednesday saying it has priced at 100 percent its international offering of US$500 million of 5.25 percent senior notes due 2026.
Melco Resorts Finance said it intended to use the net proceeds to repay in part the principal amount outstanding under a revolving credit facility of the amended and restated credit facilities entered into in 2015 by Melco Resorts (Macau) Ltd, a subsidiary of Melco Resorts Finance.
Melco Resorts Finance said the new notes were proposed to be senior obligations of the issuer, ranking equally with all its present and future senior indebtedness.
Melco Resorts and Entertainment – operator of casinos in Macau and the Philippines – owns Melco Resorts Finance in its entirety, but the parent company will not be a guarantor of the new notes, the statement said.
Apr 18, 2024
Apr 15, 2024
Apr 23, 2024
Apr 23, 2024
Apr 23, 2024
On Tuesday, nearly a week ahead of mainland China’s five-day Labour Day holiday season, some luxury hotels in Macau casino resorts were already indicating they had no rooms available for booking on...(Click here for more)
US$2.74 billion
Fiscal revenues collected by the Macau government from taxes on gaming in the first quarter of 2024