{"success":true,"data":{"pressRelease":{"id":"23421","rtpr_id":"nGNXb9mHNh","ticker":"MSC","exchange":"NYSE","all_tickers":["MSC"],"title":"Studio City Company Announces Proposed Senior Secured Notes Offering","author":"Globe Newswire","published_at":"2026-05-06T13:18:00.114Z","article_body":"MACAU, May 06, 2026 (GLOBE NEWSWIRE) -- Studio City Company Limited (“Studio\nCity Company”) today announces that it proposes to conduct an international\noffering of senior secured notes (the “New Notes” and such offering, the\n“Notes Offering”). Studio City Company is a wholly-owned subsidiary of\nStudio City International Holdings Limited (“SCIHL”).\n\nThe New Notes are proposed to be senior secured obligations of Studio City\nCompany, ranking equally in right of payment with all existing and future\nsenior indebtedness of Studio City Company (although any liabilities in\nrespect of obligations under the US$30 million senior secured credit\nfacilities with Studio City Company as borrower, that are secured by common\ncollateral securing the proposed New Notes, will have priority over the\nproposed New Notes with respect to any proceeds received upon any enforcement\naction of such common collateral), and ranking senior in right of payment to\nall existing and future subordinated indebtedness of Studio City Company. The\nNew Notes are proposed to be guaranteed by Studio City Investments Limited and\nall of its existing subsidiaries (other than Studio City Company) on a senior\nbasis (the “Note Guarantees”). Neither Melco Resorts & Entertainment\nLimited nor SCIHL will be a guarantor for the New Notes.\n\nThe interest rate and other terms of the New Notes will be determined at the\ntime of pricing of the Notes Offering. Completion of the proposed Notes\nOffering is subject to market conditions and investor interest. As no binding\nagreement in relation to the proposed Notes Offering has been entered into as\nat the date of this press release, the proposed New Notes may or may not be\nissued.\n\nThe net proceeds from the Notes Offering will be used, together with cash on\nhand, to repurchase any and all outstanding Studio City Company’s\noutstanding 7.00% senior secured notes due 2027 (the “2027 SCC Senior\nSecured Notes”) pursuant to the tender offer that was launched concurrently\nwith the Notes Offering, and, to the extent any 2027 SCC Senior Secured Notes\nremain outstanding following the consummation of the tender offer, to redeem\nany such outstanding 2027 SCC Senior Secured Notes.\n\nThe New Notes and the Note Guarantees are being proposed to be offered and\nsold in the United States to qualified institutional buyers pursuant to Rule\n144A under the U.S. Securities Act of 1933, as amended (the “Securities\nAct”), and outside of the United States to non-US persons in reliance on\nRegulation S under the Securities Act. The proposed New Notes and the Note\nGuarantees have not been and will not be registered under the Securities Act\nor under the securities laws of any state or other jurisdiction and may not be\noffered or sold in the United States absent registration or an applicable\nexemption from the registration requirements of the Securities Act and any\napplicable state laws. Studio City Company does not intend to register any\nportion of the offering of the proposed New Notes and the Note Guarantees in\nthe United States.\n\nThis press release is for information purposes only. Nothing in this press\nrelease constitutes an offer to buy, or a solicitation of an offer to sell,\nsecurities in the United States or any other jurisdiction in which such offer\nor solicitation would be unlawful. This press release is being issued pursuant\nto and in accordance with Rule 135c under the Securities Act.\n\nSafe Harbor Statement\n\nThis press release contains forward-looking statements. These statements are\nmade under the “safe harbor” provisions of the U.S. Private Securities\nLitigation Reform Act of 1995. SCIHL may also make forward-looking statements\nin its periodic reports to the U.S. Securities and Exchange Commission, in its\nannual report to shareholders, in press releases and other written materials\nand in oral statements made by its officers, directors or employees to third\nparties. Statements that are not historical facts, including statements about\nStudio City Company’s beliefs and expectations, are forward-looking\nstatements. Forward-looking statements involve inherent risks and\nuncertainties, and a number of factors could cause actual results to differ\nmaterially from those contained in any forward-looking statement. These\nfactors include, but are not limited to, (i) changes in the gaming market and\nvisitations in Macau, (ii) local and global economic conditions, (iii) capital\nand credit market volatility, (iv) our anticipated growth strategies, (v)\nrisks associated with the implementation of the amended Macau gaming law by\nthe Macau government, (vi) gaming authority and other governmental approvals\nand regulations, and (vii) our future business development, results of\noperations and financial condition. In some cases, forward-looking statements\ncan be identified by words or phrases such as “may,” “will,”\n“expect,” “anticipate,” “target,” “aim,” “estimate,”\n“intend,” “plan,” “believe,” “potential,” “continue,”\n“is/are likely to” or other similar expressions. Further information\nregarding these and other risks, uncertainties or factors is included in\nStudio City Company’s offering memorandum with respect to the New Notes. All\ninformation provided in this press release is as of the date of this press\nrelease, and Studio City Company undertakes no duty to update such\ninformation, except as required under applicable law.\n\nFor the investment community, please contact: \nJeanny Kim \nSenior Vice President, Group Treasurer\nTel: +852 2598 3698\nEmail: jeannykim@melco-resorts.com\n\nFor media enquiries, please contact: \nChimmy Leung \nExecutive Director, Corporate Communications \nTel: +852 3151 3765 \nEmail: chimmyleung@melco-resorts.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/d6a5efe3-2085-4e42-a0e7-a7943b2b4605)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXb9mHNh","title":"Studio City Company Announces Proposed Senior Secured Notes Offering","author":"Globe Newswire","ticker":"MSC","created":"2026-05-06T13:18:00.114Z","tickers":["MSC"],"exchange":"NYSE","article_body":"MACAU, May 06, 2026 (GLOBE NEWSWIRE) -- Studio City Company Limited (“Studio\nCity Company”) today announces that it proposes to conduct an international\noffering of senior secured notes (the “New Notes” and such offering, the\n“Notes Offering”). Studio City Company is a wholly-owned subsidiary of\nStudio City International Holdings Limited (“SCIHL”).\n\nThe New Notes are proposed to be senior secured obligations of Studio City\nCompany, ranking equally in right of payment with all existing and future\nsenior indebtedness of Studio City Company (although any liabilities in\nrespect of obligations under the US$30 million senior secured credit\nfacilities with Studio City Company as borrower, that are secured by common\ncollateral securing the proposed New Notes, will have priority over the\nproposed New Notes with respect to any proceeds received upon any enforcement\naction of such common collateral), and ranking senior in right of payment to\nall existing and future subordinated indebtedness of Studio City Company. The\nNew Notes are proposed to be guaranteed by Studio City Investments Limited and\nall of its existing subsidiaries (other than Studio City Company) on a senior\nbasis (the “Note Guarantees”). Neither Melco Resorts & Entertainment\nLimited nor SCIHL will be a guarantor for the New Notes.\n\nThe interest rate and other terms of the New Notes will be determined at the\ntime of pricing of the Notes Offering. Completion of the proposed Notes\nOffering is subject to market conditions and investor interest. As no binding\nagreement in relation to the proposed Notes Offering has been entered into as\nat the date of this press release, the proposed New Notes may or may not be\nissued.\n\nThe net proceeds from the Notes Offering will be used, together with cash on\nhand, to repurchase any and all outstanding Studio City Company’s\noutstanding 7.00% senior secured notes due 2027 (the “2027 SCC Senior\nSecured Notes”) pursuant to the tender offer that was launched concurrently\nwith the Notes Offering, and, to the extent any 2027 SCC Senior Secured Notes\nremain outstanding following the consummation of the tender offer, to redeem\nany such outstanding 2027 SCC Senior Secured Notes.\n\nThe New Notes and the Note Guarantees are being proposed to be offered and\nsold in the United States to qualified institutional buyers pursuant to Rule\n144A under the U.S. Securities Act of 1933, as amended (the “Securities\nAct”), and outside of the United States to non-US persons in reliance on\nRegulation S under the Securities Act. The proposed New Notes and the Note\nGuarantees have not been and will not be registered under the Securities Act\nor under the securities laws of any state or other jurisdiction and may not be\noffered or sold in the United States absent registration or an applicable\nexemption from the registration requirements of the Securities Act and any\napplicable state laws. Studio City Company does not intend to register any\nportion of the offering of the proposed New Notes and the Note Guarantees in\nthe United States.\n\nThis press release is for information purposes only. Nothing in this press\nrelease constitutes an offer to buy, or a solicitation of an offer to sell,\nsecurities in the United States or any other jurisdiction in which such offer\nor solicitation would be unlawful. This press release is being issued pursuant\nto and in accordance with Rule 135c under the Securities Act.\n\nSafe Harbor Statement\n\nThis press release contains forward-looking statements. These statements are\nmade under the “safe harbor” provisions of the U.S. Private Securities\nLitigation Reform Act of 1995. SCIHL may also make forward-looking statements\nin its periodic reports to the U.S. Securities and Exchange Commission, in its\nannual report to shareholders, in press releases and other written materials\nand in oral statements made by its officers, directors or employees to third\nparties. Statements that are not historical facts, including statements about\nStudio City Company’s beliefs and expectations, are forward-looking\nstatements. Forward-looking statements involve inherent risks and\nuncertainties, and a number of factors could cause actual results to differ\nmaterially from those contained in any forward-looking statement. These\nfactors include, but are not limited to, (i) changes in the gaming market and\nvisitations in Macau, (ii) local and global economic conditions, (iii) capital\nand credit market volatility, (iv) our anticipated growth strategies, (v)\nrisks associated with the implementation of the amended Macau gaming law by\nthe Macau government, (vi) gaming authority and other governmental approvals\nand regulations, and (vii) our future business development, results of\noperations and financial condition. In some cases, forward-looking statements\ncan be identified by words or phrases such as “may,” “will,”\n“expect,” “anticipate,” “target,” “aim,” “estimate,”\n“intend,” “plan,” “believe,” “potential,” “continue,”\n“is/are likely to” or other similar expressions. Further information\nregarding these and other risks, uncertainties or factors is included in\nStudio City Company’s offering memorandum with respect to the New Notes. All\ninformation provided in this press release is as of the date of this press\nrelease, and Studio City Company undertakes no duty to update such\ninformation, except as required under applicable law.\n\nFor the investment community, please contact: \nJeanny Kim \nSenior Vice President, Group Treasurer\nTel: +852 2598 3698\nEmail: jeannykim@melco-resorts.com\n\nFor media enquiries, please contact: \nChimmy Leung \nExecutive Director, Corporate Communications \nTel: +852 3151 3765 \nEmail: chimmyleung@melco-resorts.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/d6a5efe3-2085-4e42-a0e7-a7943b2b4605)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-06T13:18:00.162165134Z","server_sent_at_ms":1778073480162},"received_at":"2026-05-06T13:18:00.216Z","source_url":null},"analysis":{"id":"18189","press_release_id":"23421","analysis_json":{"industry":{"label":"Consumer Services","sector":"Consumer Discretionary"},"redFlags":["Parent company SCIHL and Melco Resorts not guaranteeing the new notes","Offering is subject to market conditions; no binding agreement entered into"],"eventType":"offering","narrative":"Studio City Company proposed an international offering of senior secured notes to refinance upcoming debt maturities.\n\nNet proceeds will be used to repurchase outstanding 7.00% senior secured notes due 2027 via a concurrent tender offer, and to redeem any remaining notes.\n\nThe new notes will be guaranteed by Studio City Investments Limited and subsidiaries, but not by parent entities Melco Resorts and SCIHL; pricing and terms are subject to market conditions.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Studio City proposes debt refinancing without parent guarantee."},"keyFigures":{"customDimensions":{"existing_notes_coupon":"7.00%","existing_notes_maturity":"2027","existing_credit_facility_usd":30000000}},"quotedText":"","namedEntities":{"people":[{"name":"Jeanny Kim","role":"Senior Vice President, Group Treasurer"},{"name":"Chimmy Leung","role":"Executive Director, Corporate Communications"}],"products":["New Notes","2027 SCC Senior Secured Notes"],"companies":[{"name":"Studio City Company Limited"},{"name":"Studio City International Holdings Limited","relationship":"parent"},{"name":"Studio City Investments Limited","relationship":"guarantor"},{"name":"Melco Resorts & Entertainment Limited","relationship":"parent"}],"dollarAmounts":[{"amount":"US$30 million","context":"senior secured credit facilities"}]},"materialImpact":{"score":3,"reasoning":"Proposed debt refinancing to address the 2027 maturity is material to the capital structure, but the transaction is not yet priced and parent companies are not providing guarantees, introducing uncertainty."},"tickerRelevance":{"others":[],"primary":"MSC"},"globalImportance":20,"audienceRelevance":25,"eventTypeSecondary":["buyback"],"importanceComponents":{"tickerTier":"mid_cap","eventGravity":"refinancing_proposal","sectorWeight":"gaming"}},"event_type":"offering","event_type_secondary":["buyback"],"sentiment":"neutral","material_impact_score":3,"narrative":"Studio City Company proposed an international offering of senior secured notes to refinance upcoming debt maturities.\n\nNet proceeds will be used to repurchase outstanding 7.00% senior secured notes due 2027 via a concurrent tender offer, and to redeem any remaining notes.\n\nThe new notes will be guaranteed by Studio City Investments Limited and subsidiaries, but not by parent entities Melco Resorts and SCIHL; pricing and terms are subject to market conditions.","key_figures":{"customDimensions":{"existing_notes_coupon":"7.00%","existing_notes_maturity":"2027","existing_credit_facility_usd":30000000}},"named_entities":{"people":[{"name":"Jeanny Kim","role":"Senior Vice President, Group Treasurer"},{"name":"Chimmy Leung","role":"Executive Director, Corporate Communications"}],"products":["New Notes","2027 SCC Senior Secured Notes"],"companies":[{"name":"Studio City Company Limited"},{"name":"Studio City International Holdings Limited","relationship":"parent"},{"name":"Studio City Investments Limited","relationship":"guarantor"},{"name":"Melco Resorts & Entertainment Limited","relationship":"parent"}],"dollarAmounts":[{"amount":"US$30 million","context":"senior secured credit facilities"}]},"model_name":"glm-4.7","prompt_hash":"sha256:6c7fa2f5e3b62e83","schema_hash":"sha256:ee8f711bc9bfba0d","created_at":"2026-05-07T00:25:46.659Z","global_importance":20,"audience_relevance":25,"importance_components":{"tickerTier":"mid_cap","eventGravity":"refinancing_proposal","sectorWeight":"gaming"}},"durationMs":null,"modelName":"glm-4.7"}}