Melco Resorts & Entertainment Ltd has extended the maturity of its HKD15.24 billion (US$1.94 billion) revolving credit facility by four years, strengthening its long-term funding position as it continues investing in projects across Macau and other markets.
The Nasdaq-listed casino operator announced on 9 June that it had signed a third amended and restated facility agreement, extending the maturity date of its existing 2020 credit facilities from 29 April 2027 to 9 June 2031.
The revised agreement also introduces an incremental facility of HKD6.44 billion (US$823.7 million), increasing total commitments under the credit facilities to approximately HKD21.68 billion (US$2.77 billion).
Extended financing framework
Melco Resorts said the revised financing package maintains the same pricing structure and financial covenants as the previous arrangement.
The company noted that MCO Nominee One Ltd, the borrower under the facility, has agreed to pay customary fees to lenders participating in both the maturity extension and the new incremental facility.
The original revolving credit facilities were established in April 2020 through a senior facilities agreement involving MCO Nominee One and Bank of China Macau Branch, which continues to act as agent for the lending group.
The extension provides Melco with access to long-term funding while preserving existing financing terms.
Strengthening liquidity position
The announcement comes as Melco continues to manage a sizeable debt portfolio while maintaining significant available liquidity.
According to the company’s latest financial update, Melco held cash and bank balances of US$1.07 billion as of 31 March 2026. Total debt stood at US$6.67 billion during the same period.
Melco also disclosed capital expenditure of US$73.6 million during the three months to 31 March. Most of the spending was directed towards enhancement projects in Macau, where the company operates several integrated resort properties.
Portfolio spans multiple markets
Melco Resorts operates casino and integrated resort assets across several jurisdictions.
Its Macau portfolio remains the company’s largest business segment. Beyond Macau, the group operates a casino property in Manila, the capital of the Philippines, and several gaming venues in the Republic of Cyprus.
The company also expanded its regional presence last year with the launch of a new casino in Colombo, Sri Lanka.
The broader geographic footprint allows Melco to participate in multiple tourism and gaming markets across Asia and Europe.
Trademark acquisition and Macau hotel rebrand
Alongside its financing activities, Melco is advancing several corporate initiatives.
In April, the company announced plans to pay US$375.0 million to acquire the “Melco” trademark and related intellectual property rights.
The transaction is expected to give the company direct ownership of key branding assets associated with its operations and corporate identity.
Melco is also progressing with the rebranding of the Countdown Hotel at its City of Dreams integrated resort in Macau. The property is being transformed into a new hotel brand known as “REM”.
The rebranding forms part of the company’s wider efforts to refresh and enhance its hospitality offerings within Macau’s competitive integrated resort market.
With the extension of its revolving credit facilities and the addition of new borrowing capacity, Melco has secured access to long-term funding while continuing investment across its portfolio of casino, hotel and entertainment assets.
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