Melco Resorts Finance Announces Proposed 5.750% Senior Notes Offering
August 03 2020 - 11:56AM
Melco Resorts Finance Limited (“
Melco Resorts
Finance”) announces that it proposes to conduct an
international offering of 5.750% senior notes due 2028 (the
“
Additional Notes”), the net proceeds from which
will be used 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 July 21, 2020 (the
“Indenture”), pursuant to which Melco Resorts
Finance issued US$500 million aggregate principal amount of 5.750%
senior notes due 2028 (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) 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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