Studio City Finance has reduced its outstanding debt by approximately 7.5 per cent of the original issuance.<\/p>\n\n\n\n\n\n\n\n
Macau.- Studio City Finance<\/strong>, a subsidiary of Studio City International Holdings, has announced that it has repurchased nearly US$37.6m of its senior notes due in 2025, which carry a 6 per cent interest rate. This represents about 7.5 per cent of the total amount when the notes were listed on the Singapore Exchange.<\/p>\n\n\n\n Studio City International Holdings is controlled by Macau gaming concessionaire\u00a0Melco Resorts & Entertainment<\/strong>, which oversees gaming operations at the Studio City casino resort. Earlier this month, another division, called Studio City Co<\/a>, secured credit facilities amounting to\u00a0nearly HK$1.95bn (US$250m)<\/strong>\u00a0for a term of five years.<\/p>\n\n\n\n For the third quarter of the year, Melco Resorts & Entertainment reported operating revenue of US$1.18bn<\/strong>. That’s an increase of 16 per cent in year-on-year terms<\/a> and a rise of 1.72 per cent when compared to the US$1.16bn recorded in the second quarter of the year<\/a>. The increase was attributed to the improved performance in all gaming segments and non-gaming operations, led by the continued recovery in inbound tourism to Macau during the third quarter of the year.<\/p>\n","protected":false},"excerpt":{"rendered":" Studio City Finance has reduced its outstanding debt by approximately 7.5 per cent of the original issuance.<\/p>\n","protected":false},"author":176,"featured_media":777014793,"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 Finance, a subsidiary of Studio City International Holdings, has repurchased US$37.6m of its 2025 senior notes, reducing outstanding debt by 7.5%. Concurrently, Studio City Co secured HK$1.95bn in new credit facilities. Melco Resorts & Entertainment, the parent company, reported Q3 operating revenue of US$1.18bn, a 16% year-on-year increase, driven by Macau's tourism recovery and improved gaming and non-gaming performance.","focusai_entities":"Studio City Finance, Studio City International Holdings, Melco Resorts & Entertainment, Studio City Co","focusai_location":"Macau, Singapore","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.85), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of Debt Reduction?","query":"What is the projected impact of Studio City Finance's debt reduction on its overall cost of capital and future financing flexibility, particularly in the context of rising interest rates?"},{"label":"Macau Recovery Sustainability?","query":"Given Melco's Q3 performance, what are the key indicators suggesting the sustainability of Macau's tourism and gaming recovery, and how might this influence future capital allocation decisions?"}],"footnotes":""},"categories":[16338,163],"tags":[23906,23970],"class_list":["post-777021495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos","tag-melco-resorts-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021495","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=777021495"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021495\/revisions"}],"predecessor-version":[{"id":777021505,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021495\/revisions\/777021505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014793"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}