Melco Resorts Finance Announces Pricing of 5.750% Senior Notes Offering
August 04 2020 - 2:12PM
Melco Resorts Finance Limited (“
Melco Resorts
Finance”) announces that it has priced its international
offering of 5.750% senior notes due 2028 (the “
Additional
Notes”). Melco Resorts Finance is a wholly-owned
subsidiary of Melco Resorts & Entertainment Limited
(“
Melco”).
The offering consists of US$350 million
aggregate principal amount of Additional Notes, priced at 101% of
the principal amount plus accrued interest from July 21, 2020 to,
but not including, the issue date of the Additional Notes. Melco
Resorts Finance intends to use the net proceeds from the offering
for general corporate purposes.
The Additional 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 and
will constitute additional notes under the indenture, dated July
21, 2020 pursuant to which Melco Resorts Finance issued
US$500 million aggregate principal amount of 5.750% Senior
Notes due 2028 (the “Original Notes”) on July 21,
2020. The Additional Notes will be consolidated and form a single
series with the Original Notes. Melco will not be a guarantor of
the Additional Notes.
The Additional 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
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 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 CommunicationsTel: +852 3151
3765Email: chimmyleung@melco-resorts.com
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