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Lument Finance Trust, Inc Announces Closing of $1 Billion CRE CLO
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MIL-OSI: Arbor Realty Trust Closes a $815 Million Collateralized Loan Obligation Securitization
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Moody’s Investors Service Inc said on Monday that Studio City Finance Ltd’s announcement to issue additional senior notes due in 2029 would boost the firm’s “good liquidity”, and give it enough cash balance to support its planned capital spending over the next 12 months.
Studio City Finance, the promoter of the Studio City casino resort (pictured) in Macau’s Cotai strip, announced this week a proposed international offering of an aggregate amount of US$350 million, 5.000 percent senior notes due 2029.
The latest notes would constitute as additional notes to be issued on the “same terms and conditions” as the firm’s indenture dated January, whereby it issued US$750 million in aggregate principal amount of 5.000 percent notes due 2029.
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