MLCO · Melco Resorts & Entertainment Limited

This 6-K filing centers on Melco Resorts Finance Limited’s proactive debt management as reflected in its 2025 Annual Report (Exhibit 99.1). The company fully retired two major tranches of senior notes — the $1.0 billion 2025 MRF Senior Notes and the $500 million 2026 MRF Senior Notes — eliminating imminent refinancing risk and signaling strong cash flow discipline. The redemption of the 2026 notes occurred in two phases: a $142.1 million tender offer in September 2025 followed by full redemption of the remainder in October 2025. Concurrently, the company extended and upsized its core MN1 revolving facility to $1.96 billion with a maturity now set for April 2027, enhancing near-to-medium term liquidity flexibility. While these actions reduce near-term pressure, the filing also discloses $2.85 billion in senior notes maturing between 2027 and 2033 — including $750 million due in 2032 and $500 million in 2033 — which will require future refinancing planning. Notably, the Concession Contract with Macau SAR was amended on February 10, 2026, reaffirming the regulatory foundation for operations through December 31, 2032. This combination of executed debt reduction, extended liquidity, and confirmed concession stability supports financial resilience but places renewed focus on managing the upcoming wave of maturities beyond 2026.