Melco finance unit to redeem USD600 million of 2027 notes early

Melco Resorts Finance Ltd. will redeem USD600 million in 5.625% senior notes on Sept. 23, nearly 10 months before their scheduled maturity.

The financing subsidiary of Melco Resorts & Entertainment Ltd. said in a notice dated Aug. 24 that it will redeem all outstanding notes at 100% of their principal amount, plus accrued and unpaid interest and any applicable additional amounts through the redemption date.

The notes were issued in July 2019 and were due to mature on July 17, 2027.

Unless Melco Resorts Finance defaults on payment, interest will cease to accrue on Sept. 23. Thereafter, noteholders’ sole remaining right will be to receive the redemption payment once they surrender the notes, according to the notice.

The move continues a series of debt-management measures across Melco’s financing entities. In September 2025, Melco Resorts Finance issued $500 million of 6.5% senior notes due in 2033. The proceeds were intended in part to fund a cash tender offer for its 5.25% notes due in 2026, as well as related fees and general corporate purposes.

Melco Resorts Finance is a subsidiary of Melco Resorts & Entertainment, which operates casino resorts in Macau and has interests in the Philippines, Cyprus and Sri Lanka.

In Macau, Melco’s portfolio includes City of Dreams and Studio City in Cotai, and the Altira.

Separately, Studio City Finance Ltd., the financing vehicle associated with Melco-backed Studio City, completed a partial redemption of $165 million of its 6.5% senior notes due in 2028 on July 18. The amount represented 33% of the $500 million originally issued, leaving $335 million outstanding after the redeemed securities were canceled.