The offering consists of US$900 million aggregate principal amount of 5.375% senior notes due 2029. The New Notes were priced at 100%. Melco Resorts Finance intends to use the net proceeds from the offering to make a full repayment of the principal amount outstanding under the revolving credit facility and a partial prepayment of the principal amount outstanding under the term loan facility under the amended and restated credit facilities entered into by Melco Resorts (Macau) Limited, a subsidiary of Melco Resorts Finance, in 2015.