Silver Point Capital reveals STUDIO CITY (MSC) ADS stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
STUDIO CITY INTERNATIONAL HOLDINGS Ltd received an initial insider ownership report from Silver Point Capital, L.P. and related reporting persons. They report beneficial ownership of 28,633,963 American Depositary Shares, each convertible into four Class A Ordinary Shares, for 114,535,852 underlying Class A shares.
The ADS have no expiration date and are held through Silver Point-managed funds. Silver Point’s general partner and Messrs. Edward A. Mule and Robert J. O’Shea may be deemed beneficial owners through their roles but disclaim beneficial ownership except to the extent of their pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Silver Point Capital L.P., MULE EDWARD A, O'Shea Robert J
Role
Director | Director | Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | American Depositary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
American Depositary Shares — 114,535,852 shares (Direct);
Class A Ordinary Shares — 400 shares (Direct)
Footnotes (1)
- Silver Point Capital, L.P. ("Silver Point") or its wholly owned subsidiaries are the investment managers of Silver Point Capital Fund, L.P., Silver Point Capital Offshore Master Fund, L.P., Silver Point Distressed Opportunities Fund, L.P., Silver Point Distressed Opportunities Offshore Master Fund, L.P., Silver Point Distressed Opportunity Institutional Partners Master Fund (Offshore), L.P. and Silver Point Distressed Opportunity Institutional Partners, L.P. (the "Funds") and, by reason of such status, may be deemed to be the beneficial owner of all the reported securities held by the Funds. Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of all securities held by the Funds. Messrs. Edward A. Mule and Robert J. O'Shea are each members of Management and as a result may be deemed to be the beneficial owner of all of the securities held by the Funds. Messrs. Mule and O'Shea disclaim (continued from footnote 1) beneficial ownership of the reported securities held by Funds except to the extent of their pecuniary interests. Each American Depositary Share is convertible at any time, at the holder's election, into four Class A Ordinary Shares of the issuer. The American Depositary Shares have no expiration date. Represents 28,633,963 American Depositary Shares beneficially owned by the reporting persons.
FAQ
What insider ownership does Silver Point Capital report in MSC on this Form 3?
Silver Point Capital reports beneficial ownership of 28,633,963 American Depositary Shares of STUDIO CITY INTERNATIONAL HOLDINGS Ltd. These ADS represent Silver Point-managed funds’ position and are the basis for the initial insider ownership disclosure for the issuer’s equity.
Do Edward A. Mule and Robert J. O’Shea personally own the reported MSC securities?
Edward A. Mule and Robert J. O’Shea are members of Silver Point’s general partner and may be deemed beneficial owners of the funds’ holdings. However, they expressly disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interests.
Does this MSC Form 3 show any insider buying or selling transactions?
This Form 3 does not report any insider purchases or sales. It is an initial statement of beneficial ownership, listing holdings in American Depositary Shares and corresponding Class A Ordinary Shares, with no buy or sell transaction codes disclosed in the summary data.
How are Silver Point’s MSC holdings structured according to the Form 3 footnotes?
The holdings are attributed to several Silver Point-managed funds, with Silver Point Capital, L.P. as investment manager and Silver Point Capital Management, LLC as general partner. This structure means beneficial ownership is reported through the funds rather than direct individual holdings.