Melco Resorts Finance Announces Proposed Senior Notes Offering
July 13 2020 - 08:32PM
Melco Resorts Finance Limited (“
Melco Resorts
Finance”) announces that it proposes to conduct an
international offering of senior notes (the “
New
Notes”), the net proceeds from which will be used to make
a repayment of the principal amount outstanding for 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 and for general corporate purposes. Melco Resorts
Finance is a wholly-owned subsidiary of Melco Resorts &
Entertainment Limited (“
Melco”).
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 interest rate and other terms of the New
Notes will be determined at the time of pricing of the offering.
Completion of the proposed offering of the New Notes is subject to
market conditions and investor interest. As no binding agreement in
relation to the proposed offering of the New Notes has been entered
into as at the date of this press release, the proposed New Notes
may or may not be issued.
The New 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 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 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) 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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