BUSINESS

Studio City launches conditional tender and notes offering

PUBLISHED May 6, 2026, 11:04 AM ET

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MACAU — On May 6, 2026, Studio City Company Limited announced a conditional cash tender offer for its outstanding 7.00% senior secured notes due 2027 and simultaneously proposed an international offering of new senior secured notes through its subsidiary structure; the company issued an Offer to Purchase and related offering notices the same day. The tender offer is conditional on sufficient net proceeds from the planned notes offering together with cash on hand, and is set to expire at 5:00 p.m. New York time with settlement expected May 15, 2026; public reports cite roughly $2.0–$2.03 billion total debt, a market capitalization near $462 million, and a 41% six-month share-price decline.

By Michael Grant | JQJO News

Timeline of Events

May 6, 2026: Studio City issues Offer to Purchase and announces conditional tender offer for 2027 notes.
May 6, 2026: Studio City announces proposed international offering of new senior secured notes via its subsidiary.
May 6, 2026: Market reports note the company's total debt at about $2.0–$2.03 billion and market cap near $462 million.
Tender offer set to expire at 5:00 p.m. New York time; Investing.com reports settlement expected May 15, 2026 and $1,001.25 per $1,000 payout for valid tenders.
Financing Condition requires net proceeds from the notes offering plus cash on hand to fund the tender, redemptions, fees, and expenses.

News Intelligence

Studio City's move could affect your wallet. If you own their 2027 notes, you could sell them back for a slight profit. But be quick, the offer ends at 5 p.m. New York time. Check your portfolio today.

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Who Benefited

Holders of redeemed 2027 notes and purchasers of any new notes could receive structured cash consideration and refinancing options as outlined; Studio City Investments Limited will guarantee the new notes on a senior basis, potentially improving creditor recovery mechanics relative to subordinated claims.

Who Impacted

Existing shareholders have seen a 41% stock decline over six months and face continued valuation pressure; holders of the outstanding 7.00% senior secured notes due 2027 face uncertainty until the Financing Condition is met and transactions are completed.

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