Melco Resorts Finance to redeem US$600mln worth of notes in September

Melco Resorts Finance Ltd, a subsidiary of casino operator Melco Resorts & Entertainment Ltd, says it will redeem in full its US$600-million in 5.625-percent senior notes that are due in 2027. The company issued a notice of redemption on Monday, according to a filing by Melco Resorts with the United States Securities and Exchange Commission. The redemption is scheduled for September 23, 2026, according to the notice. Melco Resorts Finance will redeem all outstanding notes at a price equal to 100 percent of their principal amount, plus accrued and unpaid interest and any additional amounts applicable up to the redemption date. Interest on the notes will cease to accrue on and after September 23, provided the issuer does not default on payment of the redemption price, per the update. The notes were issued under an indenture dated July 17, 2019, with Deutsche Bank Trust Company Americas acting as trustee, paying agent, registrar and transfer agent. Melco Resorts Finance is a financing subsidiary of Melco Resorts, a developer and operator of casino resorts with operations in Macau, the Philippines, Cyprus and Sri Lanka. In September 2025, Melco Resorts Finance issued US$500-million in 6.500-percent senior notes due in 2033. The proceeds from that exercise were used to fund a cash tender offer for senior notes due 2026. Separately, Studio City Finance Ltd said last month that it had completed the partial redemption of US$165-million of its outstanding 6.500-percent senior notes due in 2028. Following the cancellation of the redeemed notes, US$335 million of the 6.500-percent senior notes due in 2028 remain outstanding. Studio City Finance is the financing vehicle associated with Studio City, the casino resort in Macau’s Cotai district promoted by Melco Resorts & Entertainment Ltd.