Studio City prices $350 million additional notes to fund expansion

Studio City Finance Ltd on Tuesday announced the pricing of its international offering of 5.0% senior notes due 2029. 

According to a filing from Studio City, the offering consists of US$350 million aggregate principal amount of Additional Notes, priced at 101.50% of the principal amount plus accrued interest from January 14, 2021 to, but not including, the issue date of the Additional Notes. 

Studio City said it intends to use the net proceeds from the offering to partially fund the capital expenditures of the remaining project for Studio City and for general corporate purposes.

Company release