New Issue - Studio City sells $825 mln in notes

Fri Nov 16, 2012 2:58pm EST

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Nov 16 (Reuters) - Studio City Finance Ltd on Friday sold
$825 million of senior notes in the 144a private placement
market, said IFR, a Thomson Reuters service.
    Deutsche Bank, ANZ Banking Group, Bank of America Merrill
Lynch, BOCI Asia, Citigroup, Credit Agricole, and UBS were the
joint bookrunning managers for the sale.

BORROWER: STUDIO CITY 

AMT $825 MLN    COUPON 8.5 PCT     MATURITY    12/01/2020   
TYPE SR NT      ISS PRICE 100      FIRST PAY   06/01/2013 
MOODY'S B3      YIELD 8.5 PCT      SETTLEMENT  11/26/2012   
S&P B-MINUS     SPREAD 731 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A        MORE THAN TREAS   MAKE-WHOLE CALL 50 BPS
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