MACAU, April 08, 2024 — Studio City Finance Limited today announces that it has initiated a cash tender offer for up to an aggregate principal amount of US$100 million of its outstanding 6.000% senior notes due 2025 .
The consideration for each US$1,000 principal amount of Notes validly tendered on or prior to 5:00 p.m., New York City time, on April 19, 2024 , and accepted for purchase will be US$1,000, which includes an early tender premium. The consideration for each US$1,000 principal amount of Notes validly tendered after the Early Tender Date and on or prior to the Expiration Time and accepted for purchase will be US$970.
Studio City Finance has reserved the right to extend, amend or terminate the Tender Offer at any time in its sole discretion, including by increasing or decreasing the Maximum Tender Amount. Studio City Finance is not required to extend the Withdrawal Deadline in connection with any such increase or decrease.
This press release is not an offer to sell, a solicitation to buy or an offer to purchase or sell any securities. The Tender Offer is being made solely by the Offer to Purchase.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SATodayNews - 🏆 44. / 51 Read more »
Source: Moneyweb - 🏆 5. / 77 Read more »