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The latest announcement is out from Studio City International Holdings ( (MSC) ).
Studio City Finance Limited has announced the repurchase and cancellation of $37,567,000 worth of its 6.000% Senior Notes due 2025, which is approximately 7.5% of the aggregate principal amount of the notes originally issued. This strategic move is aimed at reducing the company’s outstanding debt, potentially improving its financial position and investor confidence ahead of the notes’ maturity in 2025.
More about Studio City International Holdings
YTD Price Performance: 0.31%
Average Trading Volume: 7,418
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.37B
Learn more about MSC stock on TipRanks’ Stock Analysis page.
