{"success":true,"data":{"pressRelease":{"id":"26328","rtpr_id":"nGNXc0ZbWP","ticker":"MSC","exchange":"NYSE","all_tickers":["MSC"],"title":"Studio City Company Announces Pricing of Senior Secured Notes Offering","author":"Globe Newswire","published_at":"2026-05-07T17:27:34.089Z","article_body":"MACAU, May 07, 2026 (GLOBE NEWSWIRE) -- Studio City Company Limited (“Studio\nCity Company”) today announces that it has priced its international offering\nof senior secured notes (the “New Notes” and such offering, the “New\nNotes Offering”). Studio City Company is a wholly-owned subsidiary of Studio\nCity International Holdings Limited (“SCIHL”).\n\nThe New Notes Offering consists of US$300 million aggregate principal amount\nof 6.125% senior secured notes due 2031. The New Notes were priced at 100%.\nStudio City Company intends to use the net proceeds from the New Notes\nOffering, together with cash on hand, to repurchase any and all of Studio City\nCompany’s outstanding 7.00% senior secured notes due 2027 (CUSIP Numbers\nG8539E AC9 and 86400G AC3; ISIN USG8539EAC96 and US86400GAC33) (the “2027\nSCC Senior Secured Notes”) pursuant to the conditional cash tender offer\nannounced by Studio City Company on May 6, 2026 (the “Conditional Tender\nOffer”) and, to the extent any of the 2027 SCC Senior Secured Notes remain\noutstanding following the completion of the Conditional Tender Offer, to\nredeem in full any such outstanding 2027 SCC Senior Secured Notes.\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 New Notes, will have priority over the New Notes with\nrespect to any proceeds received upon any enforcement action of such common\ncollateral), and ranking senior in right of payment to all existing and future\nsubordinated indebtedness of Studio City Company. The New Notes are proposed\nto be guaranteed by Studio City Investments Limited and all of its existing\nsubsidiaries (other than Studio City Company) on a senior secured basis (the\n“Note Guarantees”). Neither Melco Resorts & Entertainment Limited nor\nSCIHL will be a guarantor for the New 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 New Notes and the Note Guarantees\nhave not been and will not be registered under the Securities Act or under the\nsecurities laws of any state or other jurisdiction and may not be offered or\nsold in the United States absent registration or an applicable exemption from\nthe registration requirements of the Securities Act and any applicable state\nlaws. Studio City Company does not intend to register any portion of the\noffering of the New Notes and the Note Guarantees in the 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":"nGNXc0ZbWP","title":"Studio City Company Announces Pricing of Senior Secured Notes Offering","author":"Globe Newswire","ticker":"MSC","created":"2026-05-07T17:27:34.089Z","tickers":["MSC"],"exchange":"NYSE","article_body":"MACAU, May 07, 2026 (GLOBE NEWSWIRE) -- Studio City Company Limited (“Studio\nCity Company”) today announces that it has priced its international offering\nof senior secured notes (the “New Notes” and such offering, the “New\nNotes Offering”). Studio City Company is a wholly-owned subsidiary of Studio\nCity International Holdings Limited (“SCIHL”).\n\nThe New Notes Offering consists of US$300 million aggregate principal amount\nof 6.125% senior secured notes due 2031. The New Notes were priced at 100%.\nStudio City Company intends to use the net proceeds from the New Notes\nOffering, together with cash on hand, to repurchase any and all of Studio City\nCompany’s outstanding 7.00% senior secured notes due 2027 (CUSIP Numbers\nG8539E AC9 and 86400G AC3; ISIN USG8539EAC96 and US86400GAC33) (the “2027\nSCC Senior Secured Notes”) pursuant to the conditional cash tender offer\nannounced by Studio City Company on May 6, 2026 (the “Conditional Tender\nOffer”) and, to the extent any of the 2027 SCC Senior Secured Notes remain\noutstanding following the completion of the Conditional Tender Offer, to\nredeem in full any such outstanding 2027 SCC Senior Secured Notes.\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 New Notes, will have priority over the New Notes with\nrespect to any proceeds received upon any enforcement action of such common\ncollateral), and ranking senior in right of payment to all existing and future\nsubordinated indebtedness of Studio City Company. The New Notes are proposed\nto be guaranteed by Studio City Investments Limited and all of its existing\nsubsidiaries (other than Studio City Company) on a senior secured basis (the\n“Note Guarantees”). Neither Melco Resorts & Entertainment Limited nor\nSCIHL will be a guarantor for the New 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 New Notes and the Note Guarantees\nhave not been and will not be registered under the Securities Act or under the\nsecurities laws of any state or other jurisdiction and may not be offered or\nsold in the United States absent registration or an applicable exemption from\nthe registration requirements of the Securities Act and any applicable state\nlaws. Studio City Company does not intend to register any portion of the\noffering of the New Notes and the Note Guarantees in the 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":"2026-05-07T17:27:34.125888132Z","server_sent_at_ms":1778174854125},"received_at":"2026-05-07T17:27:34.189Z","source_url":null},"analysis":{"id":"20612","press_release_id":"26328","analysis_json":{"industry":{"label":"Consumer Services","sector":"Consumer Discretionary"},"redFlags":[],"eventType":"offering","narrative":"Studio City Company priced a $300 million offering of 6.125% senior secured notes due 2031, with the proceeds intended to repurchase its outstanding 7.00% notes due 2027.\n\nThe transaction represents a debt refinancing strategy to lower interest costs, extending the maturity profile from 2027 to 2031.\n\nThe new notes are guaranteed by Studio City Investments Limited and its subsidiaries, excluding the parent companies Melco Resorts & Entertainment and SCIHL.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Debt refinancing to lower coupon and extend maturity."},"keyFigures":{"dealValueUsd":300000000,"offeringPrice":100,"customDimensions":{"maturity_new_notes":2031,"maturity_old_notes":2027,"coupon_rate_new_notes":"6.125%","coupon_rate_old_notes":"7.00%","senior_facility_amount":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","ticker":"MSC","relationship":"issuer"},{"name":"Studio City International Holdings Limited","relationship":"parent"},{"name":"Melco Resorts & Entertainment Limited","relationship":"parent"},{"name":"Studio City Investments Limited","relationship":"guarantor"}],"dollarAmounts":[{"amount":"US$300 million","context":"aggregate principal amount of New Notes Offering"},{"amount":"US$30 million","context":"senior secured credit facilities"}]},"materialImpact":{"score":3,"reasoning":"The company is refinancing existing debt (7.00% notes due 2027) with new notes at a lower interest rate (6.125%). While it is an offering, the primary purpose is liability management rather than funding new growth projects. The use of proceeds is specific (tender offer/repurchase) rather than general corporate purposes."},"tickerRelevance":{"others":[],"primary":"MSC"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"debt_refinancing","sectorWeight":"gaming_leisure","householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":3,"narrative":"Studio City Company priced a $300 million offering of 6.125% senior secured notes due 2031, with the proceeds intended to repurchase its outstanding 7.00% notes due 2027.\n\nThe transaction represents a debt refinancing strategy to lower interest costs, extending the maturity profile from 2027 to 2031.\n\nThe new notes are guaranteed by Studio City Investments Limited and its subsidiaries, excluding the parent companies Melco Resorts & Entertainment and SCIHL.","key_figures":{"dealValueUsd":300000000,"offeringPrice":100,"customDimensions":{"maturity_new_notes":2031,"maturity_old_notes":2027,"coupon_rate_new_notes":"6.125%","coupon_rate_old_notes":"7.00%","senior_facility_amount":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","ticker":"MSC","relationship":"issuer"},{"name":"Studio City International Holdings Limited","relationship":"parent"},{"name":"Melco Resorts & Entertainment Limited","relationship":"parent"},{"name":"Studio City Investments Limited","relationship":"guarantor"}],"dollarAmounts":[{"amount":"US$300 million","context":"aggregate principal amount of New Notes Offering"},{"amount":"US$30 million","context":"senior secured credit facilities"}]},"model_name":"glm-4.7","prompt_hash":"sha256:6c7fa2f5e3b62e83","schema_hash":"sha256:ee8f711bc9bfba0d","created_at":"2026-05-08T01:36:49.189Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap","eventGravity":"debt_refinancing","sectorWeight":"gaming_leisure","householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":null,"modelName":"glm-4.7"}}