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James Cameron Had Strong Reaction When Josh Brolin Turned Down AvatarMACAU, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Studio City International Holdings Limited (NYSE: MSC) ("Studio City” or the "Company”), a world-class integrated resort located in Cotai, Macau, today announces that the Company's subsidiary, Studio City Company Limited ("Studio City Company”), has entered into a senior credit facilities agreement, dated November 29, 2024, with a syndicate of banks (the "2024 Credit Facilities Agreement”). Under the terms of the 2024 Credit Facilities Agreement, lenders have made available to Studio City Company HK$1.945 billion (equivalent to approximately US$250.0 million) in revolving credit facilities for a term of five years (the "Senior Revolving Facility”). The Credit Facility Agreement also provides an option to increase the commitments under the Senior Revolving Facility in an amount not exceeding US$100 million for Studio City Company to incur further indebtedness under the Senior Revolving Facility, subject to the satisfaction of certain conditions. The Senior Revolving Facility is secured and is supported by a guarantee from the Company, Studio City Investments Limited and each subsidiary of Studio City Company. The Company intends to use the proceeds from the Senior Revolving Facility to refinance outstanding indebtedness and for general corporate and working capital purposes. Studio City Company has also entered into an amendment and restatement agreement, dated November 29, 2024, with, among others, Bank of China Limited, Macau Branch, in relation to the senior secured term loan and revolving facilities agreement dated March 15, 2021 (as amended and restated from time to time, and currently representing HK$234.0 million of committed facilities) (the "Existing Credit Facilities”) to, among other things, align certain terms of the Existing Credit Facilities with the terms of the 2024 Credit Facilities Agreement. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Studio City International Holdings Limited (the "Company”) may also make forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) the pace of recovery from the impact of COVID-19 on our business, our industry and the global economy, (ii) risks associated with the amended Macau gaming law and its implementation by the Macau government, (iii) changes in the gaming market and visitations in Macau, (iv) capital and credit market volatility, (v) local and global economic conditions, (vi) our anticipated growth strategies, (vii) gaming authority and other governmental approvals and regulations, and (viii) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as "may”, "will”, "expect”, "anticipate”, "target”, "aim”, "estimate”, "intend”, "plan”, "believe”, "potential”, "continue”, "is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company undertakes no duty to update such information, except as required under applicable law. About Studio City International Holdings Limited The Company, with its American depositary shares listed on the New York Stock Exchange (NYSE: MSC), is a world-class integrated resort located in Cotai, Macau. For more information about the Company, please visit www.studiocity-macau.com . The Company is majority owned by Melco Resorts & Entertainment Limited, a company with its American depositary shares listed on the Nasdaq Global Select Market (Nasdaq: MLCO). For the investment community, please contact: Jeanny Kim Senior Vice President, Group Treasurer Tel: +852 2598 3698 Email: [email protected] For media enquiries, please contact: Chimmy Leung Executive Director, Corporate Communications Tel: +852 3151 3765 Email: [email protected]
New Delhi: Prime Minister Narendra Modi will inaugurate ICA Global Cooperative Conference 2024 and launch the UN International Year of Cooperatives 2025, to be attended by representatives of over 100 countries, on Monday (November 25) at Bharat Mandapam in the national capital. ICA Global Cooperative Conference and ICA General Assembly is being organised in India for the first time in the 130-year history of International Cooperative Alliance (ICA), the premier body for the Global Cooperative movement. The Global Conference, hosted by Indian Farmers Fertiliser Cooperative Limited (IFFCO), in collaboration with ICA and the Government of India, and Indian Cooperatives AMUL and KRIBHCO will be held from November 25-30. The theme of the conference, "Cooperatives Build Prosperity for All", aligns with the Central government's vision of "Sahkar Se Samriddhi" (Prosperity through Cooperation). The event will feature discussions, panel sessions, and workshops, addressing the challenges and opportunities faced by cooperatives worldwide in achieving the United Nations Sustainable Development Goals (SDGs), particularly in areas such as poverty alleviation, gender equality, and sustainable economic growth. The Prime Minister will launch the UN International Year of Cooperatives 2025, which will focus on the theme, "Cooperatives Build a Better World", underscoring the transformative role cooperatives play in promoting social inclusion, economic empowerment, and sustainable development. The UN SDGs (sustainable development goals) recognise cooperatives as crucial drivers of sustainable development, particularly in reducing inequality, promoting decent work, and alleviating poverty. The year 2025 will be a global initiative aimed at showcasing the power of cooperative enterprises in addressing the world’s most pressing challenges. The Prime Minister will also launch a commemorative postal stamp, symbolising India's commitment to the cooperative movement. The stamp showcases a lotus, symbolising peace, strength, resilience, and growth, reflecting the cooperative values of sustainability and community development. The five petals of the lotus represent the five elements of nature (Panchatatva), highlighting cooperatives' commitment to environmental, social, and economic sustainability. The design also incorporates sectors like agriculture, dairy, fisheries, consumer cooperatives, and housing, with a drone symbolising the role of modern technology in agriculture. Bhutan’s Prime Minister Dasho Tshering Tobgay, Deputy Prime Minister of Fiji, Manoa Kamikamica, and around 3,000 delegates from over 100 countries will also participate in the event.
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