Studio City International Holdings will be offering senior secured notes, using some of the proceeds to finance the cost of Phase 2 of the casino resort Studio City, and the firm has entered into private share placement agreements of about US$300 million, priced at US$0.75 per share, announced HK-listed casino operator Melco International Development (200) in a company filing.

According to Studio City International, which is a subsidiary of Melco, its existing shareholders have all subscribed to the offering of private placements. This includes a commitment from Melco Resorts and Entertainment Ltd to purchase about 220 million shares of Studio City International, at a total amount of US$165.1 million.

Earlier on Monday, Studio City International announced that the budget for Phase 2 of the Cotai facility had been slashed by about 8 percent, to US$1.2 billion.

The expansion of Studio City will feature Macau鈥檚 first W Hotel, and will add a retail complex of over 21,000 square metres and over 2,300 square metres of gaming space to the property. The new phase is scheduled to open in December 2022.

As of 30 November 2021, Studio City had incurred US$661.2 million of aggregate costs relating to the development of the remaining project of Phase 2, the firm said on Monday.

It also confirmed that all 鈥済aming promoter arrangements鈥?at the Studio City casino had ceased in December, as it had been stated previously by Melco Resorts.

事发地点周围



截止发稿，目前事件还在进一步升华中，据悉当地多个政府部门已经在该大楼周围严阵以待！

As of November 30, Studio City International held cash and cash equivalents of US$552.8 million and restricted cash amounting to US$100澳门贵宾厅,000, while its total principal amount of outstanding debt was US$2.1 billion.