Melco Resorts Finance Announces Pricing of Senior Notes Offering
July 10 2019 - 3:14PM
Melco Resorts Finance Limited (“
Melco Resorts
Finance”) announces that it has priced its international
offering of senior notes (the “
New Notes”). Melco
Resorts Finance is a wholly-owned subsidiary of Melco Resorts &
Entertainment Limited (“
Melco”). The offering
consists of US$600 million aggregate principal amount of 5.625%
senior notes due 2027. The New Notes were priced at 100%. Melco
Resorts Finance intends to use the net proceeds from the offering
to make a partial repayment of the principal amount outstanding
under the revolving credit facility under the amended and restated
credit facilities entered into by Melco Resorts (Macau) Limited, a
subsidiary of Melco Resorts Finance, in 2015.
The New Notes are proposed to be senior
obligations of Melco Resorts Finance, ranking equally with all of
Melco Resorts Finance’s existing and future senior indebtedness.
Melco will not be a guarantor of the New Notes.
The New Notes are being 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
New 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 New 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 StatementThis 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)
growth of the gaming market and visitations in Macau, (ii) capital
and credit market volatility, (iii) local and global economic
conditions, (iv) our anticipated growth strategies, (v) gaming
authority and other governmental approvals and regulations, and
(vi) 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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