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Studio City Enters into Senior Facilities Agreement
City HoldingCity Holding(US:CHCO) GlobeNewswire News Roomยท2024-12-02 22:00

Group 1 - Studio City International Holdings Limited has entered into a senior credit facilities agreement providing HK$1.945 billion (approximately US$250 million) in revolving credit facilities for five years [1] - The agreement includes an option to increase commitments by up to US$100 million, subject to certain conditions [1] - Proceeds from the credit facility will be used to refinance existing debt and for general corporate and working capital purposes [1] Group 2 - Studio City Company has amended and restated an existing credit facilities agreement to align terms with the new 2024 Credit Facilities Agreement [2] - The existing credit facilities currently represent HK$234 million of committed facilities [2]