Studio City Company completes tender offer for $198 million in notes

Studio City Company Limited announced the completion of its tender offer for 7.00% senior secured notes due 2027, with $196.4 million in aggregate principal amount validly tendered by the May 12 expiration deadline.

The Macau-based company received an additional $1.5 million in notes subject to guaranteed delivery procedures, bringing the total to approximately $198 million. The tender offer provided consideration of $1,001.25 for each $1,000 principal amount of notes tendered.

The company expects to accept all validly tendered notes for purchase, with settlement anticipated on May 15, 2026. The tender offer was subject to certain conditions, including a financing condition, as outlined in the offer documents.

Deutsche Bank AG, Singapore Branch served as dealer manager for the transaction, while Kroll Issuer Services Limited acted as tender and information agent. The notes carry CUSIP numbers G8539E AC9 and 86400G AC3.

The tender offer was conducted solely through the offer to purchase document dated May 6, 2026, which contained the complete terms and conditions of the transaction.

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