Melco Resorts Finance Ltd, the financing arm of casino operator Melco Resorts & Entertainment Ltd, says US$142.06-million in aggregate principal of its 5.250-percent senior notes due in 2026 were validly tendered by a Friday deadline on a conditional offer for them.
The consideration on the notes – US$1,000 for each US$1,000 principal amount – was due to be paid on Wednesday (September 24), according to a Monday filing in the United States.
Last week Melco Resorts Finance priced a US$500-million offering in senior notes due in 2033, at 6.500-percent.
The Melco Resorts unit affirmed it would use the proceeds from the new notes offering “to fund the conditional cash tender offer announced by Melco Resorts Finance on September 15, 2025, for any and all of its validly tendered outstanding 5.250 percent senior notes due 2026”.
The new 2033 notes were being offered and sold in the United States to qualified institutional buyers.
They will be senior obligations of Melco Resorts Finance, “ranking equally with all of Melco Resorts Finance’s existing and future senior indebtedness,” the unit said. The parent will not be a guarantor of the new notes.
The casino group has the bulk of its operations in Macau, and it also operates venues in the Philippines, the Republic of Cyprus, and Sri Lanka.
On September 1, Moody’s Ratings affirmed the rating of the Melco Resorts group – including Melco Resorts Finance – at ‘Ba3’, with a ‘stable’ outlook.
