Debt reduction strengthens the balance sheet and reduces credit risk. Monitor for further deleveraging moves or refinancing of the remaining $335M notes. Short-term positive for equity as leverage improves.
Price Chart
Executive Summary
Studio City Finance, a subsidiary of Studio City International Holdings, completed a partial redemption of $165M of its 6.5% senior notes due 2028, representing 33% of the original $500M issuance. This reduces outstanding debt to $335M and lowers annual interest expense.
Key Facts
- Redeemed $165M principal of 6.5% senior notes due 2028 on July 18, 2026
- Redeemed notes represent 33% of original $500M issuance
- After cancellation, $335M of notes remain outstanding
- Interest savings estimated at ~$10.7M per year
Financial Impact
Interest expense reduced by approximately $10.7 million annually based on 6.5% coupon on $165M redeemed
Risk Factors
- Macau gaming market and visitation trends remain uncertain
- Still has $335M in high-yield notes outstanding; leverage remains elevated
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001193125-26-309458 |
| Document: d139735dex991.htm | 0001193125-26-309458 |
| Document: 0001193125-26-309458-index-headers.html | 0001193125-26-309458 |
| Document: 0001193125-26-309458-index.html | 0001193125-26-309458 |
| Document: 0001193125-26-309458.txt | 0001193125-26-309458 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 30, 2026 27d ago | Insider Cluster | $0.9700 $0.9800 | ▲ +1.03% | ▼ −0.27% | $0.7942 (−18.12%) |
Sep 28, 2026 29d ago | Insider Cluster | $0.8500 $0.9800 | ▲ +15.29% | ▲ +13.35% | $0.7942 (−6.56%) |
Sep 23, 2026 4w ago | 6-K | $0.7991 $0.9240 | ▲ +15.63% | ▲ +16.30% | $0.7942 (−0.61%) |
Aug 28, 2026 8w ago | 6-K | $1.77 $1.71 | ▲ +3.14% | ▲ +3.25% | $0.7942 (+55.13%) |
Aug 14, 2026 10w ago | 6-K | $1.80 $1.86 | ▼ −3.06% | ▼ −4.42% | $0.7942 (+55.88%) |
Aug 13, 2026 10w ago | Press Release | $1.73 $1.80 | ▼ −4.05% | ▼ −6.01% | $0.7942 (+54.09%) |
Aug 7, 2026 11w ago | 6-K | $1.81 $1.80 | ▼ −0.55% | ▼ −0.95% | $0.7942 (−56.12%) |
Jul 21, 2026 14w ago | 6-K | $1.73 $1.75 | ▲ +1.16% | ▲ +2.38% | $0.7942 (−54.09%) |
Jun 18, 2026 18w ago | 6-K | $1.98 $1.83 | ▼ −7.58% | ▼ −5.51% | $0.7942 (−59.89%) |
Jun 8, 2026 20w ago | 6-K | $2.34 $2.09 | ▼ −10.68% | ▼ −12.79% | $0.7942 (−66.06%) |
US Market Status
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