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Apex Trader Funding (ATF) - News

Melco Resorts Finance Announces Proposed Senior Notes Offering

MACAU, April 08, 2024 (GLOBE NEWSWIRE) -- Melco Resorts Finance Limited ("Melco Resorts Finance") announces that it proposes to conduct an international offering of senior notes (the "New Notes"), the net proceeds from which will be used to make a partial repayment of the principal amount outstanding under the revolving credit facility, together with accrued interest and associated costs, pursuant to a senior facilities agreement entered into by MCO Nominee One Limited, a subsidiary of Melco Resorts Finance, on April 29, 2020, and for general corporate purposes. Melco Resorts Finance is a wholly-owned subsidiary of Melco Resorts & Entertainment Limited ("Melco"). 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. Melco will not be a guarantor of the New Notes. The interest rate and other terms of the New Notes will be determined at the time of pricing of the offering. Completion of the proposed offering of the New Notes is subject to market conditions and investor interest. As no binding agreement in relation to the proposed offering of the New Notes has been ...