{"id":17761,"date":"2021-05-11T16:53:37","date_gmt":"2021-05-11T16:53:37","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17761"},"modified":"2026-04-23T19:38:53","modified_gmt":"2026-04-23T22:38:53","slug":"macau-studio-city-to-issue-additional-senior-notes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-studio-city-to-issue-additional-senior-notes","title":{"rendered":"Macau: Studio City to issue additional senior notes"},"content":{"rendered":"\n<p>Studio City will issue additional senior notes to boost liquidity and raise cash for capital needs over the next 12 months.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/studio-city-expects-to-raise-us750m-from-new-notes\">Studio City<\/a>\u00a0International Holdings has announced it will offer 5 per cent senior notes due in 2029\u00a0<strong>on the same terms as the notes issued in January\u00a0<\/strong>when the company raised US$750m from the offering.<\/p>\n\n\n\n<p>According to Moody\u2019s Investors Service, Studio City hopes to\u00a0<strong>use the net proceeds to boost liquidity<\/strong>\u00a0and cash balance for the next months.<\/p>\n\n\n\n<p>The pricing of the additional senior notes has yet to be announced, but Moody&#8217;s suggests<strong>\u00a0an aggregate amount of US$300m<\/strong>. Analysts say the note offering should not affect Studio City Finance\u2019s \u201cB1\u2033 rating.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-studio-city-casino-resort-deadline-extended\">Studio City<\/a>\u00a0plans to expand its Cotai casino complex and has recently received a\u00a0<strong>seven-month extension to finish its phase 2 expansion\u00a0<\/strong>at Studio City casino resort, putting the deadline back to December 27, 2022.<\/p>\n\n\n\n<p>Sean Hwang, Moody\u2019s assistant vice president and analyst, stated: &#8220;The tap issuance will boost Studio City Finance\u2019s good liquidity, giving it a\u00a0<strong>sufficient cash balance to cover its planned capital spending\u00a0<\/strong>over the next 12 months.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Studio City will issue additional senior notes to boost liquidity and raise cash for capital needs over the next 12 months.<\/p>\n","protected":false},"author":176,"featured_media":17466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Studio City International Holdings is issuing an additional US$300 million in 5% senior notes due 2029 to bolster liquidity and fund capital expenditures, primarily for its Cotai casino complex Phase 2 expansion. Moody's Investors Service affirmed Studio City Finance's \"B1\" rating, noting the issuance will provide sufficient cash for planned spending over the next 12 months. The company also received a seven-month extension for its Phase 2 completion, pushing the deadline to December 27, 2022.","focusai_entities":"Studio City International Holdings, Moody's Investors Service, Studio City Finance, Sean Hwang","focusai_location":"Macau, Cotai","focusai_target_profile":"ceo_executive (0.95), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Debt-to-Equity Impact?","query":"What is the specific impact of this additional senior note issuance on Studio City's overall debt-to-equity ratio and long-term financial leverage, considering its existing capital structure?"},{"label":"Phase 2 ROI Timeline?","query":"How does the extended deadline for Phase 2 completion affect the projected return on investment (ROI) and operational ramp-up timeline for the expanded Cotai complex, particularly in the context of Macau's evolving market dynamics?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23907,23906,22113],"class_list":["post-17761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-land-based-casino","tag-macau-casinos","tag-studio-city"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17761"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17761\/revisions"}],"predecessor-version":[{"id":17788,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17761\/revisions\/17788"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17466"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}