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Melco Resorts Finance prices US$500mln in notes due in 2033
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GGRAsia
Melco Resorts Finance Ltd has priced its offering of US$500-million in 6.500-percent senior notes due in 2033, according to a Tuesday filing.
The entity is the financing arm of global casino operator Melco Resorts & Entertainment Ltd.Melco Resorts Finance affirmed in the update it intends to 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”.
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.
Melco Resorts & Entertainment will not be a guarantor of the new notes.
Moody’s assigned a ‘stable’ outlook, noting that Melco Resorts Finance will use the proceeds from the new notes, “mainly for refinancing purposes”.
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