{"id":18958,"date":"2021-06-14T14:12:02","date_gmt":"2021-06-14T14:12:02","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=18958"},"modified":"2026-04-23T18:36:06","modified_gmt":"2026-04-23T21:36:06","slug":"universal-entertainment-to-issue-additional-senior-notes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/universal-entertainment-to-issue-additional-senior-notes","title":{"rendered":"Universal Entertainment to issue additional senior notes"},"content":{"rendered":"\n

Universal Entertainment will issue additional senior notes due 2024 to improve cash flow and redeem US$118m in outstanding notes.<\/p>\n\n\n\n\n\n\n\n

Japan.- The gaming company Universal Entertainment Corp<\/strong> has announced it will issue additional notes due in 2024<\/strong> outside of Japan.<\/p>\n\n\n\n

The company wants to redeem the outstanding principal amount of US$118m of the company’s existing notes due 2021<\/strong>, which were privately placed outside Japan in December 2018.<\/p>\n\n\n\n

In a statement, Universal Entertainment said it will promptly commence negotiation<\/strong> on the terms of the additional notes with potential investors. <\/p>\n\n\n\n

The company believes there will be no major obstacles to the issuance of the notes<\/strong> in the current market environment. <\/p>\n\n\n\n

Last October, Universal Entertainment<\/a> announced an increase in planned notes from US$100m to US$135m.<\/p>\n\n\n\n

In May, Universal<\/a> published its financial results for the first quarter of the year and reported net sales down 64 per cent year-on-year at JPY14.7bn (US$134.1m)<\/strong>.<\/p>\n\n\n\n

The Amusement Equipment business<\/strong> saw sales fall to 12,708 units compared with 52,631 units in the same period of 2020<\/strong>. Its net sales were JPY5.38bn, down 78.2 per cent year-on-year.<\/p>\n\n\n\n

Universal reported a net loss of JPY5.2bn (US$48m)<\/strong>, which it attributed to restrictions at Okada Manila.<\/p>\n\n\n\n

The Okada Manila Integrated Resort had been operating limited to a capacity of 30 per cent<\/strong> but has been closed since March<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Universal Entertainment will issue additional senior notes due 2024 to improve cash flow and redeem US$118m in outstanding notes.<\/p>\n","protected":false},"author":176,"featured_media":18988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Universal Entertainment Corp. plans to issue additional senior notes due 2024 to refinance US$118m in outstanding notes due 2021, aiming to bolster cash flow. This strategic debt issuance follows a significant Q1 2021 financial downturn, reporting a 64% year-on-year net sales decrease and a JPY5.2bn net loss, primarily attributed to operational restrictions at its Okada Manila integrated resort.","focusai_entities":"Universal Entertainment Corp, Okada Manila","focusai_location":"Japan, Philippines","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"New Notes Terms?","query":"What are the specific terms, interest rates, and covenants of the newly issued senior notes, and how do they compare to Universal Entertainment's existing debt obligations?"},{"label":"Okada Manila Reopening Impact?","query":"What is Universal Entertainment's projected timeline for the full reopening of Okada Manila, and what is the anticipated impact on GGR, NGR, and overall EBITDA contribution?"}],"footnotes":""},"categories":[163,16333],"tags":[23686],"class_list":["post-18958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-universal-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18958","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=18958"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18958\/revisions"}],"predecessor-version":[{"id":18989,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/18958\/revisions\/18989"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18988"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=18958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=18958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=18958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}