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Melco Resorts & Entertainment Unit Proposes Senior Notes Offering
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Melco Resorts & Entertainment Unit Proposes Senior Notes Offering
Apr 8, 2024 7:38 AM

10:27 AM EDT, 04/08/2024 (MT Newswires) -- Melco Resorts & Entertainment's ( MLCO ) Melco Resorts Finance unit said Monday that it proposes an international offering of senior notes.

Melco Resorts Finance said that the net proceeds will be used for general corporate purposes and to partially repay debt under a revolving credit facility pursuant to a senior facilities agreement that its MCO Nominee One unit entered into on April 29, 2020.

Also on Monday, Melco Resorts & Entertainment ( MLCO ) announced the extension of the maturity date of its 14.85 billion Hong Kong dollar ($1.90 billion) revolving credit facility to April 29, 2027 from April 29, 2025.

Size, pricing, and other terms remain the same, the company said.

The company's shares were down 1.5% in recent trading.

Price: 6.98, Change: -0.11, Percent Change: -1.55

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