Melco Resorts Finance Ltd., a subsidiary of Melco Resorts & Entertainment is seeking to conduct an international offering of 4.875 percent senior notes due in 2025.
The net proceeds of the offer, together with cash on hand if applicable, will be used to repay in full a revolving credit facility of US$350 million of Melco Crown (Macau) Ltd., which is a subsidiary of Melco Resorts Finance.
In late May, Melco Resorts Finance announced the pricing of a senior notes offering consisting of US$650 million in aggregate amount.
The offering consists of US$650 million aggregate principal amount of 4.875 percent senior notes due 2025, according to MCE Finance Ltd in a filing to NASDAQ at the time.
The company said it intended to use the net proceeds from the offering to fund the redemption of all of its outstanding 5 percent Senior Notes due 2021.
The proposed Additional Notes will be issued on the same terms and conditions as the original notes, said the company.