Studio City Finance Limited, subsidiary of New York-listed Studio City International Holdings Limited, announced the pricing for its international offering of senior notes due in 2024.

In a press release, Studio City Finance said that the offering will consist of $600 million in aggregate principal, for 7.250% senior notes due 2024 and priced at 100%.

Net proceeds of the offering will fund a conditional cash tender offer announced by the company last week, where Studio City Finance plans to purchase all of its outstanding 8.500% senior notes due 2020. The tender offer is set to expire on February 4, at 5 p.m. New York time, with the settlement of transactions by February 11.

According to the terms of the tender offer, Studio City Finance will be paying $1,003.50 for each $1,000 principal amount of the 2020 notes, with a minimum denomination of $250,000 and integral multiples of $1,000 over that.