• 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 flags 2021 notes redemption

Jun 09, 2017 Newsdesk Latest News, Macau, Top of the deck  


Melco Resorts Finance flags 2021 notes redemption

Melco Resorts Finance Ltd, a unit of Nasdaq-listed Melco Resorts and Entertainment Ltd, said on Thursday it had put together sufficient funds to cover the redemption of all of its outstanding 5.00-percent senior notes due 2021.

The company had announced last month the pricing of an international offering of senior notes in the aggregate amount of US$650 million. The offering consisted of 4.875-percent senior notes due 2025, Melco Resorts Finance had said in a press release.

The company said it is using the net proceeds from that offering together with proceeds amounting to US$350 million from a drawdown of a revolving credit facility and cash on hand, to fund the redemption of the 2021 notes. The firm said the redemption of the 2021 notes would occur on June 14, 2017.

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

Melco Resorts announced in early May that it would repurchase Australian casino operator Crown Resorts Ltd’s remaining shareholding in Melco Resorts, 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
  • CoD Mediterranean construction facing delays: Lawrence Ho
    CoD Mediterranean construction facing...

    May 06, 2022  

  • Melco Resorts 1Q EBITDA of US$56mln, narrows loss
    Melco Resorts 1Q EBITDA of US$56mln,...

    May 06, 2022  

More news
  • Macau ops share junket deposit liability: Macau top court
    Macau ops share junket deposit...

    May 16, 2022  

  • Macau repeat visitors denied visa by China says Bernstein
    Macau repeat visitors denied visa by...

    May 16, 2022  


Latest News

Macau ops share junket deposit liability: Macau top court

Macau ops share junket deposit liability: Macau top court

May 16, 2022  

Macau’s Court of Final Appeal announced on Monday sentences in relation to a total of nine cases concerning debt claims involving junket operators based at local casinos. In all the cases, the...
Read More
Macau repeat visitors denied visa by China says Bernstein

Macau repeat visitors denied visa by China says Bernstein

May 16, 2022  

Macau satellite profit model still in doubt: industry

Macau satellite profit model still in doubt: industry

May 16, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Any reduction in [Macau gaming] tax would be positive for future profits and cash flows, all else equal”

DS Kim, Amanda Cheng and Livy Lyu

Analysts at brokerage JP Morgan Securities (Asia Pacific)



Most Popular

  • Macau mulls GGR tax cut if casinos attract foreign playersMacau mulls GGR tax cut if casinos attract foreign players May 13, 2022
  • Macau modifies satellite owner plan, rev share ban staysMacau modifies satellite owner plan, rev share ban stays May 13, 2022
  • Macau GGR tax cut may spur 15pct EBITDA hike: JP MorganMacau GGR tax cut may spur 15pct EBITDA hike: JP Morgan May 16, 2022
  • China bars 90,000 from travel in cross-border bet actionChina bars 90,000 from travel in cross-border bet action May 13, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us