Melco Announces Extension of Maturity Date of Revolving Credit Facilities
08 Aprile 2024 - 3:05PM
Melco Resorts & Entertainment Limited (Nasdaq: MLCO) (“Melco”
or the “Company”), a developer, owner, and operator of integrated
resort facilities in Asia and Europe, today announces that the
maturity date of its HK$14.85 billion (equivalent to US$1.92
billion) revolving credit facility (the “2020 Credit Facilities”)
has been extended from April 29, 2025 to April 29, 2027.
The 2020 Credit Facilities were originally
established pursuant to a senior facilities agreement dated
April 29, 2020, entered into between, among others, MCO
Nominee One Limited (“MCO Nominee One”), a subsidiary of Melco, as
borrower, and Bank of China Limited, Macau Branch as agent, and was
amended and restated pursuant to an amendment and restatement
agreement dated June 29, 2023, to include the term Secured
Overnight Financing Rate as a benchmark rate for loans denominated
in U.S. dollars (collectively, the “2020 Facility Agreement”).
The extension was made pursuant to a second
amended and restated facility agreement dated April 8, 2024 (the
“2024 Amendment and Restatement Agreement”). Key terms such as
facility size, pricing and financial covenants remain
unchanged.
In connection with the 2024 Amendment and
Restatement Agreement, MCO Nominee One agreed to pay a customary
fee to the consenting lenders.
Safe Harbor Statement
This press release contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. The Company may
also make forward-looking statements in its periodic reports to the
U.S. Securities and Exchange Commission (the “SEC”), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about the Company’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a number
of factors could cause actual results to differ materially from
those contained in any forward-looking statement. These factors
include, but are not limited to, (i) pace of recovery from the
impact of COVID-19 on our business, our industry and the global
economy, (ii) risks associated with the amended Macau gaming law
and its implementation by the Macau government, (iii) changes in
the gaming market and visitations in Macau, (iv) capital and credit
market volatility, (v) local and global economic conditions, (vi)
our anticipated growth strategies, (vii) gaming authority and other
governmental approvals and regulations, and (viii) our future
business development, results of operations and financial
condition. In some cases, forward-looking statements can be
identified by words or phrases such as “may”, “will”, “expect”,
“anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”,
“believe”, “potential”, “continue”, “is/are likely to” or other
similar expressions. Further information regarding these and other
risks, uncertainties or factors is included in the Company’s
filings with the SEC. All information provided in this press
release is as of the date of this press release, and the Company
undertakes no duty to update such information, except as required
under applicable law.
For investment community, please contact:
Jeanny KimSenior Vice President, Group TreasurerTel: +852 2598
3698Email: jeannykim@melco-resorts.com
For media enquiries, please contact:
Chimmy LeungExecutive Director, Corporate CommunicationsTel:
+852 3151 3765Email: chimmyleung@melco-resorts.com
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