Melco Resorts announces proposed senior notes offering

Melco Resorts (MLCO) Finance proposes to conduct an international offering of senior notes.The New Notes are proposed to be senior obligations of Melco Resorts Finance, ranking equally with all of Melco Resorts Finance’s existing and future senior indebtedness. Melco will not be a guarantor of the New Notes. The interest rate and other terms of the New Notes will be determined at the time of pricing of the New Notes Offering. Completion of the proposed New Notes Offering is subject to market conditions and investor interest. As no binding agreement in relation to the proposed New Notes Offering has been entered into as at the date of this press release, the proposed New Notes may or may not be issued. Melco Resorts Finance also announces that it has commenced a conditional cash tender offer for any and all of its outstanding 5.250% senior notes due 2026. The Conditional Tender Offer is conditional upon, among other things, the successful completion by the Company of the New Notes Offering, the gross proceeds of which shall be sufficient to fund the purchase of all outstanding Existing Notes in the Conditional Tender Offer and the redemption of any Existing Notes which remain outstanding following the completion of the Conditional Tender Offer, before taking into account accrued interest, fees and expenses. The Conditional Tender Offer is being made upon and is subject to the terms and conditions set out in the Offer to Purchase dated September 15, and the related Notice of Guaranteed Delivery. The Conditional Tender Offer will expire at 5:00 p.m., New York City time, on September 19, 2025, unless extended or terminated by Melco Resorts Finance. Subject to the satisfaction or waiver of the Financing Condition, the settlement of the Conditional Tender Offer is expected to be September 24. Melco Resorts Finance has reserved the right to extend, amend or terminate the Conditional Tender Offer at any time in its sole discretion.