Melco Resorts Finance Announces Proposed 5.375% Senior Notes Offering
January 13 2021 - 7:27AM
Melco Resorts Finance Limited (“
Melco Resorts
Finance”) announces that it proposes to conduct an
international offering of 5.375% senior notes due 2029 (the
“
Additional Notes”), the net proceeds from which,
together with cash on hand if applicable, will be used for
repayment of the principal amount drawn under the revolving credit
facility under the senior facilities agreement entered into by MCO
Nominee One Limited, a subsidiary of Melco Resorts Finance, on
April 29, 2020, together with accrued interest and associated
costs, and any remaining balance for general corporate purposes.
Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts
& Entertainment Limited (“
Melco”).
The proposed Additional Notes will be issued
under the indenture, dated December 4, 2019 (the
“Indenture”), pursuant to which Melco Resorts
Finance issued US$900 million aggregate principal amount of 5.375%
senior notes due 2029 (the “Original Notes”). The
Additional Notes will constitute additional notes under the
Indenture and will be issued on the same terms and conditions
(other than the issue date and issue price) and will be
consolidated and form a single series with the Original Notes.
Melco will not be a guarantor of the Additional Notes.
The issue price of the Additional Notes will be
determined at the time of pricing of the offering. Completion of
the proposed offering of the Additional Notes is subject to market
conditions and investor interest. As no binding agreement in
relation to the proposed offering of the Additional Notes has been
entered into as at the date of this press release, the proposed
Additional Notes may or may not be issued.
The Additional Notes are being proposed to be
offered and sold in the United States to qualified institutional
buyers pursuant to Rule 144A under the U.S. Securities Act of 1933,
as amended (the “Securities Act”), and outside of
the United States in reliance on Regulation S under the Securities
Act. The proposed Additional Notes will not be registered under the
Securities Act or under the securities laws of any state or other
jurisdiction and may not be offered or sold in the United States
absent registration or an applicable exemption from the
registration requirements of the Securities Act and any applicable
state laws. Melco Resorts Finance does not intend to register any
portion of the offering of the proposed Additional Notes in the
United States.
Nothing in this press release constitutes an
offer to buy, or a solicitation of an offer to sell, securities in
the United States or any other jurisdiction in which such offer or
solicitation would be unlawful. This press release is being issued
pursuant to and in accordance with Rule 135c under the Securities
Act.
Safe Harbor Statement
This press release contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about the Melco Resorts Finance’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number
of factors could cause actual results to differ materially from
those contained in any forward-looking statement. These factors
include, but are not limited to, (i) the global pandemic of
COVID-19, caused by a novel strain of the coronavirus, and the
continued impact of its consequences on our business, or industry
and the global economy, (ii) growth of the gaming market and
visitations in Macau, (iii) capital and credit market volatility,
(iv) local and global economic conditions, (v) our anticipated
growth strategies, (vi) gaming authority and other governmental
approvals and regulations, and (vii) our future business
development, results of operations and financial condition. In some
cases, forward-looking statements can be identified by words or
phrases such as “may,” “will,” “expect,” “anticipate,” “target,”
“aim,” “estimate,” “intend,” “plan,” “believe,” “potential,”
“continue,” “is/are likely to” or other similar expressions. All
information provided in this press release is as of the date of
this press release, and Melco Resorts Finance undertakes no duty to
update such information, except as required under applicable
law.
For investment community, please
contact:Richard HuangDirector, Investor RelationsTel: +852
2598 3619Email: richardlshuang@melco-resorts.com
For media enquiries, please contact:Chimmy
LeungExecutive Director, Corporate Communications Tel: +852 3151
3765Email: chimmyleung@melco-resorts.com
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