Melco Resorts Finance proposes US$650 mln note offering

Melco Resorts Finance Limited, a subsidiary of Melco Resorts & Entertainment Ltd, has 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 on Friday.

The company says it intends to use the net proceeds from the offering to fund the redemption of all of its outstanding 5 percent Senior Notes due 2021.

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.