Studio City scores $1bn as part of debt restructuring

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By Morgan Davis
09 Jul 2020

Studio City Finance restructured its debt portfolio with a $1bn bond sale on Wednesday.

The deal comes as Studio City, an entertainment resort with casinos, is planning an equity private placement of $450m-$500m. Melco Resorts, which has a 54% stake in Studio City, will buy all the shares if no other investors subscribe, potentially increasing its holding in the issuer to 67%-68%.

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