Melco Resorts Finance to issue senior notes

Melco Resorts Finance, a subsidiary of Melco Resorts & Entertainment, is seeking to conduct an international offering of senior notes, which it says will be used to service a repayment on a revolving credit facility and for general corporate purposes. 

According to a filing, the new notes would 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.

Melco Resorts Finance said the net proceeds will be used to make a repayment of the principal amount outstanding for a revolving credit facility made its subsidiary, MCO Nominee One on April 29, as well as for general corporate purposes.