Melco Resorts & Entertainment (MLCO) has released an update.
Melco Resorts Finance Limited has launched a $750 million offering of 7.625% senior notes due in 2032, aiming to use the proceeds to repay existing credit facility debts and for general corporate purposes. The notes, to be issued at par, will not be guaranteed by parent company Melco Resorts & Entertainment and will be available in the U.S. to qualified institutional buyers, with no plans for a public registration in the United States. This strategic move comes amidst various considerations, including the pace of recovery from the COVID-19 pandemic and evolving gaming laws in Macau.
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