Studio City rises 20.4%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
0mins
- Stock Performance: Studio City has seen a significant increase of 20.4%, rising by $1.29 to reach a price of $7.60.
- Data Context: The information is based on data available up to October 2023.
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About MSC
Studio City International Holdings Ltd is an integrated resort located in Cotai, Macau and its principal operating activities are the provision of gaming related services and the hospitality business in Macau. The Company has 250 mass market gaming tables and 45 tables authorized for VIP rolling chip operations. It’s cinematically-themed integrated resort is designed to attract a wide range of customers by providing non-gaming attractions, including the world’s first figure-8 Ferris wheel, a deluxe night club and karaoke, a 5,000-seat live performance arena and an outdoor water park. Studio City features approximately 1,600 luxury hotel rooms, diverse food and beverage establishments and approximately 27,000 square meters of complementary retail space.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Studio City Completes Conditional Cash Tender Offer for Senior Secured Notes
- Tender Offer Results: Studio City Company announced that its conditional cash tender offer for the 7.00% senior secured notes due 2027 expired on May 12, 2026, with a total valid tender amount of $196.421 million, indicating positive market response to its debt management strategy.
- Tender Price Set: The tender price for each $1,000 of the 2027 senior secured notes is $1,001.25, reflecting investor confidence in the company's future repayment capabilities while providing an opportunity to optimize its capital structure.
- Settlement Timeline: Studio City expects to settle on May 15, 2026, promptly paying all holders of validly tendered notes, which will enhance the company's credibility and transparency among investors.
- Underwriter Involvement: Deutsche Bank AG, Singapore Branch has been appointed as the dealer manager for the tender offer, indicating the company's professional partnerships in the capital markets, which helps to strengthen its market influence and financing capabilities.
See More
Studio City Company Prices $300 Million Senior Secured Notes Offering
- Offering Size: Studio City Company announces the pricing of its international offering of senior secured notes totaling $300 million with a coupon rate of 6.125% due in 2031, reflecting the company's strong capital market capabilities and confidence.
- Use of Proceeds: The net proceeds from this offering will be utilized to repurchase the company's outstanding 7.00% senior secured notes due in 2027, aiming to optimize the capital structure and reduce future interest burdens, thereby enhancing financial flexibility.
- Guarantee Structure: The new notes will be guaranteed by Studio City Investments Limited and all existing subsidiaries, ensuring investor rights, while ranking senior in payment order to all future subordinated debts, which enhances their attractiveness.
- Compliance and Market Strategy: The new notes will be offered to qualified institutional buyers under Rule 144A of the U.S. Securities Act, with no intention to register in the U.S., indicating the company's strategic positioning in international markets to attract non-U.S. investors.
See More
STUDIO CITY INTERNATIONAL HOLDINGS LTD ISSUES $300 MILLION IN 6.125% SENIOR SECURED NOTES DUE 2031 AT PAR VALUE
Company Overview: Studio City International Holdings Ltd has issued senior secured notes worth $300 million.
Financial Details: The notes carry an interest rate of 6.125% and are due in 2031.
Investment Purpose: The funds raised from these notes are likely intended for corporate purposes, including potential refinancing or expansion.
Market Impact: This issuance reflects the company's strategy to secure financing in the current market environment.
See More
Studio City Proposes International Senior Secured Notes Offering
- Bond Offering Proposal: Studio City Company is proposing an international offering of senior secured notes, with the interest rate to be determined at pricing, aimed at optimizing its capital structure through market financing.
- Clear Use of Proceeds: The proceeds from this bond offering will be used alongside cash on hand to repurchase and potentially redeem its outstanding 7.00% senior secured notes due in 2027, which is expected to improve the company's debt burden.
- Market Condition Impact: The bond offering is subject to market conditions and investor demand, introducing uncertainty that may affect the final financing outcome.
- Financial Performance Overview: Studio City International recently reported a GAAP EPS of $0.01 and revenue of $176.7 million, indicating stable performance in the Macau market despite facing market fluctuations.
See More
Studio City Initiates Conditional Cash Tender Offer for Senior Secured Notes
- Conditional Cash Tender Offer: Studio City Company has announced a conditional cash tender offer for its outstanding 7.00% senior secured notes due 2027, aiming to secure sufficient funding through a successful notes offering to support this acquisition.
- Tender Offer Details: The tender offer will expire on May 12, 2026, and Studio City reserves the right to extend or terminate the offer if the financing condition is not met, demonstrating its flexibility in responding to market dynamics.
- Note Redemption Plan: Concurrently, Studio City plans to redeem all outstanding 2027 senior secured notes on June 5, 2026, at a price of $1,000 per $1,000 principal amount, indicating proactive measures in optimizing its capital structure.
- Transparent Participation Process: The company has appointed Kroll Issuer Services Limited as the tender and information agent for the offer, ensuring investors can easily access relevant information and participate in the tender, thereby enhancing transparency and investor confidence.
See More
Studio City International Reports Strong Q1 Earnings
- Earnings Improvement: Studio City International reported a GAAP EPS of $0.01 for Q1, indicating a slight improvement in profitability, although overall revenue remains under pressure.
- Revenue Growth: Total revenue for Q1 2026 reached $176.7 million, up from $165.8 million in Q1 2025, reflecting the company's ongoing strength in non-gaming revenue streams.
- Significant Operating Income Increase: Operating income for Q1 was $28.0 million, a substantial rise from $15.3 million in the same quarter last year, demonstrating effective cost management and revenue enhancement strategies.
- Adjusted EBITDA Growth: The adjusted EBITDA for Q1 2026 was $80.0 million, compared to $69.9 million in Q1 2025, primarily driven by increased revenue from casino contracts and non-gaming activities, despite rising operating costs impacting profitability.
See More
Studio City Completes Conditional Cash Tender Offer for Senior Secured Notes
- Tender Offer Results: Studio City Company announced that its conditional cash tender offer for the 7.00% senior secured notes due 2027 expired on May 12, 2026, with a total valid tender amount of $196.421 million, indicating positive market response to its debt management strategy.
- Tender Price Set: The tender price for each $1,000 of the 2027 senior secured notes is $1,001.25, reflecting investor confidence in the company's future repayment capabilities while providing an opportunity to optimize its capital structure.
- Settlement Timeline: Studio City expects to settle on May 15, 2026, promptly paying all holders of validly tendered notes, which will enhance the company's credibility and transparency among investors.
- Underwriter Involvement: Deutsche Bank AG, Singapore Branch has been appointed as the dealer manager for the tender offer, indicating the company's professional partnerships in the capital markets, which helps to strengthen its market influence and financing capabilities.
See More
Studio City Company Prices $300 Million Senior Secured Notes Offering
- Offering Size: Studio City Company announces the pricing of its international offering of senior secured notes totaling $300 million with a coupon rate of 6.125% due in 2031, reflecting the company's strong capital market capabilities and confidence.
- Use of Proceeds: The net proceeds from this offering will be utilized to repurchase the company's outstanding 7.00% senior secured notes due in 2027, aiming to optimize the capital structure and reduce future interest burdens, thereby enhancing financial flexibility.
- Guarantee Structure: The new notes will be guaranteed by Studio City Investments Limited and all existing subsidiaries, ensuring investor rights, while ranking senior in payment order to all future subordinated debts, which enhances their attractiveness.
- Compliance and Market Strategy: The new notes will be offered to qualified institutional buyers under Rule 144A of the U.S. Securities Act, with no intention to register in the U.S., indicating the company's strategic positioning in international markets to attract non-U.S. investors.
See More
STUDIO CITY INTERNATIONAL HOLDINGS LTD ISSUES $300 MILLION IN 6.125% SENIOR SECURED NOTES DUE 2031 AT PAR VALUE
Company Overview: Studio City International Holdings Ltd has issued senior secured notes worth $300 million.
Financial Details: The notes carry an interest rate of 6.125% and are due in 2031.
Investment Purpose: The funds raised from these notes are likely intended for corporate purposes, including potential refinancing or expansion.
Market Impact: This issuance reflects the company's strategy to secure financing in the current market environment.
See More
Studio City Proposes International Senior Secured Notes Offering
- Bond Offering Proposal: Studio City Company is proposing an international offering of senior secured notes, with the interest rate to be determined at pricing, aimed at optimizing its capital structure through market financing.
- Clear Use of Proceeds: The proceeds from this bond offering will be used alongside cash on hand to repurchase and potentially redeem its outstanding 7.00% senior secured notes due in 2027, which is expected to improve the company's debt burden.
- Market Condition Impact: The bond offering is subject to market conditions and investor demand, introducing uncertainty that may affect the final financing outcome.
- Financial Performance Overview: Studio City International recently reported a GAAP EPS of $0.01 and revenue of $176.7 million, indicating stable performance in the Macau market despite facing market fluctuations.
See More
Studio City Initiates Conditional Cash Tender Offer for Senior Secured Notes
- Conditional Cash Tender Offer: Studio City Company has announced a conditional cash tender offer for its outstanding 7.00% senior secured notes due 2027, aiming to secure sufficient funding through a successful notes offering to support this acquisition.
- Tender Offer Details: The tender offer will expire on May 12, 2026, and Studio City reserves the right to extend or terminate the offer if the financing condition is not met, demonstrating its flexibility in responding to market dynamics.
- Note Redemption Plan: Concurrently, Studio City plans to redeem all outstanding 2027 senior secured notes on June 5, 2026, at a price of $1,000 per $1,000 principal amount, indicating proactive measures in optimizing its capital structure.
- Transparent Participation Process: The company has appointed Kroll Issuer Services Limited as the tender and information agent for the offer, ensuring investors can easily access relevant information and participate in the tender, thereby enhancing transparency and investor confidence.
See More
Studio City International Reports Strong Q1 Earnings
- Earnings Improvement: Studio City International reported a GAAP EPS of $0.01 for Q1, indicating a slight improvement in profitability, although overall revenue remains under pressure.
- Revenue Growth: Total revenue for Q1 2026 reached $176.7 million, up from $165.8 million in Q1 2025, reflecting the company's ongoing strength in non-gaming revenue streams.
- Significant Operating Income Increase: Operating income for Q1 was $28.0 million, a substantial rise from $15.3 million in the same quarter last year, demonstrating effective cost management and revenue enhancement strategies.
- Adjusted EBITDA Growth: The adjusted EBITDA for Q1 2026 was $80.0 million, compared to $69.9 million in Q1 2025, primarily driven by increased revenue from casino contracts and non-gaming activities, despite rising operating costs impacting profitability.
See More
