Melco Resorts & Entertainment Unit Plans Notes Offering, Starts Conditional Tender Offer
MT Newswires Live
Yesterday
Melco Resorts & Entertainment (MLCO) unit Melco Resorts Finance said Monday it is planning an international offering of senior notes, the interest rate and other terms of which will be determined at the time of pricing.
Melco Resorts Finance also said it started a cash tender offer for any and all of its outstanding 5.25% senior notes due 2026, which is conditional upon the completion of the new notes offering, among other things.
The tender offer is set to expire on Friday, unless extended or terminated by Melco Resorts Finance.
Shares of Melco Resorts & Entertainment were down 1% in recent trading.
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