Melco Extends HK$15.24B Credit Facility to 2031, Adds HK$6.44B Increment
MLCO•Melco extended its HK$15,237,500,000 revolving credit facility maturity from April 29, 2027 to June 9, 2031 and added a HK$6,438,775,000 incremental facility, bringing total credit commitments to HK$21,676,275,000. Pricing terms and financial covenants under the 2026 amended agreement remain unchanged.
1. Facility Extension Details
Melco Resorts & Entertainment extended the maturity date of its 2020 Credit Facilities totaling HK$15,237,500,000 from April 29, 2027 to June 9, 2031 under a third amended and restated facility agreement dated June 9, 2026. This extension provides the company with longer-term financing stability across its integrated resorts in Macau, the Philippines, Cyprus and Sri Lanka.
2. Incremental Facility and Total Commitments
An incremental facility of HK$6,438,775,000 was established under the same 2020 Credit Facilities, bringing total committed credit to HK$21,676,275,000. The new tranche adds approximately US$821.6 million of liquidity, supporting the company’s ongoing operations and potential expansion projects.
3. Unchanged Covenants and Pricing
Key terms such as interest pricing, financial covenants and security provisions remain unchanged in the 2026 Amendment and Restatement Agreement. This ensures consistent debt servicing conditions and covenant thresholds despite the extended maturity profile and higher committed amounts.
4. Transaction Costs and Next Steps
Melco, through MCO Nominee One Limited as the borrower, agreed to pay customary commitment and arrangement fees to the consenting and incremental facility lenders. The company does not anticipate any immediate changes to its capital allocation plans as a result of this financing amendment.
