• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Melco Resorts Finance eyes US$650 mln in note offering

May 26, 2017 Newsdesk Latest News, Macau, Top of the deck  


Melco Resorts Finance eyes US$650 mln in note offering

Melco Resorts Finance Ltd, a unit of Nasdaq-listed Melco Resorts and Entertainment Ltd, announced on Friday the pricing of an international offering of senior notes in the aggregate amount of US$650 million.

The offering consists of 4.875 percent senior notes due 2025, said Melco Resorts Finance in a press release.

Melco Resorts Finance said it intends to use the net proceeds from the offering – together with proceeds in the amount of US$350 million from a drawdown of a revolving credit facility and cash on hand – to fund the redemption of all of its outstanding 5.00 percent senior notes due 2021.

The new notes are proposed to be senior obligations of Melco Resorts Finance, ranking equally with all of the firm’s existing and future senior indebtedness.

Melco Resorts – which owns and operates casino properties in Macau and in the Philippines – has said that it would not be a guarantor of the new notes to be offered by its subsidiary.

Melco Resorts announced in early May that it would repurchase Crown Resorts Ltd’s remaining shareholding in the firm, using the proceeds from an offering of American depository shares and ordinary shares and backed by several investment banks. That deal was completed on May 15.


  • tweet
Related articles
  • Macau 2023 mass GGR at least 60pct of 2019: S&P
    Macau 2023 mass GGR at...

    Jan 11, 2023  

  • Melco Resorts to pay special bonus to non-mgmt Macau staff
    Melco Resorts to pay special bonus to...

    Jan 10, 2023  

More news
  • Junket boss Levo Chan heard okaying illicit bets: court
    Junket boss Levo Chan heard okaying...

    Jan 30, 2023  

  • Macau visitor momentum kept for post CNY weekend
    Macau visitor momentum kept for post...

    Jan 30, 2023  


Latest News

Junket boss Levo Chan heard okaying illicit bets: court

Junket boss Levo Chan heard okaying illicit bets: court

Jan 30, 2023  

A Macau court was offered evidence on Monday, including of recordings from police-wiretapped telephone conversation, that the prosecution says proves the direct involvement of Levo Chan Weng Lin...
Read More
Macau visitor momentum kept for post CNY weekend

Macau visitor momentum kept for post CNY weekend

Jan 30, 2023  

South Korea extends travel restrictions on China arrivals

South Korea extends travel restrictions on China arrivals

Jan 30, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


451,047

Aggregate number of visitors to Macau during the Chinese New Year holiday period



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • G2E Asia in-person for Macau in 2023, first time since 2019G2E Asia in-person for Macau in 2023, first time since 2019 January 27, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us