Studio City Enters into Senior Facilities Agreement
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Studio City International Holdings Limited has entered into a senior credit facilities agreement, securing HK$1.945 billion in revolving credit for five years. The funds will be used to refinance debt and for general corporate purposes.
December 02, 2024 | 10:15 pm
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Studio City International Holdings Limited has secured a HK$1.945 billion revolving credit facility for five years, with an option to increase by US$100 million. The funds will be used to refinance existing debt and for general corporate purposes.
The secured credit facility provides Studio City with significant financial flexibility to manage its debt and support its operations. This move is likely to be viewed positively by investors as it strengthens the company's financial position.
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