Melco Resorts secures $821.6million in additional funding, extending its credit facility maturity and increasing total commitments.
Melco Resorts & Entertainment (NASDAQ:MLCO) has extended its revolving credit facility maturity from April 2027 to June 2031 and added $821.6million in incremental funding. The total commitment under the facility now stands at $2.77 billion.
The agreement maintains the original pricing and financial covenants established in 2020. The extension and expansion were formalized through a third amended and restated facility agreement, with customary fees paid to participating lenders.
This move enhances the company’s capital flexibility as it navigates evolving market conditions in its key gaming jurisdictions across Asia and Europe.