SC 13G/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 6)*

 

 

Studio City International Holdings Limited

(Name of Issuer)

Class A ordinary shares, par value US$0.0001 per share

(Title of Class of Securities)

86389T106

(CUSIP Number)

September 30, 2024

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP NO. 86389T106

 

1   

NAMES OF REPORTING PERSONS

 

Silver Point Capital, L.P.

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

-0-

   6   

SHARED VOTING POWER

 

114,757,656 (1)

   7   

SOLE DISPOSITIVE POWER

 

-0-

   8   

SHARED DISPOSITIVE POWER

 

114,757,656 (1)

9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

114,757,656 (1)

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

14.9% (2)

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IA, PN

 

(1)

The amount of Class A ordinary shares presented herein includes (i) 400 Class A ordinary shares held by the Reporting Persons (as defined below) and (ii) 28,689,314 American depositary shares of the Company held by the Reporting Persons, which represent ownership of 114,757,256 Class A ordinary shares of the Company.

(2)

The percentages used herein and in the rest of this Amendment No. 6 to Schedule 13G are calculated based upon 770,352,700 Class A Ordinary Shares outstanding as of September 30, 2024, as reported in the Company’s Form 6-K filed with the Securities and Exchange Commission on November 6, 2024.


CUSIP NO. 86389T106

 

1   

NAMES OF REPORTING PERSONS

 

Edward A. Mulé

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

SHARES

BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

-0-

   6   

SHARED VOTING POWER

 

114,757,656 (1)

   7   

SOLE DISPOSITIVE POWER

 

-0-

   8   

SHARED DISPOSITIVE POWER

 

114,757,656 (1)

9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

114,757,656 (1)

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

14.9% (2)

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN


CUSIP NO. 86389T106

 

1   

NAMES OF REPORTING PERSONS

 

Robert J. O’Shea

2   

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐  (b) ☒

 

3   

SEC USE ONLY

 

4   

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

NUMBER OF

SHARES

BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

   5   

SOLE VOTING POWER

 

-0-

   6   

SHARED VOTING POWER

 

114,757,656 (1)

   7   

SOLE DISPOSITIVE POWER

 

-0-

   8   

SHARED DISPOSITIVE POWER

 

114,757,656 (1)

9   

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

114,757,656 (1)

10   

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

11   

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

14.9% (2)

12   

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN


Item 1(a)

Name of Issuer:

The name of the issuer is Studio City International Holdings Limited (the “Company”).

(b) Address of Issuer’s Principal Executive Offices:

The Company’s principal executive offices are located at 71 Robinson Road #04-03 Singapore 068895 and 38th Floor, The Centrium, 60 Wyndham Street, Central, Hong Kong.

 

Item 2(a)

Name of Person Filing:

This Amendment No. 6 to Schedule 13G is being jointly filed by Silver Point Capital, L.P., a Delaware limited partnership (“Silver Point”), Mr. Edward A. Mulé and Mr. Robert J. O’Shea with respect to the ownership of the Class A ordinary shares of the Company held by 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”). Silver Point or its wholly owned subsidiaries are the investment manager of the Funds, and by virtue of such status may be deemed to be the beneficial owner of the 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 the securities held by the Funds. Each of Mr. Edward A. Mulé and Mr. Robert J. O’Shea is a member of Management and has voting and investment power with respect to the securities held by the Funds and may be deemed to be a beneficial owner of the securities held by the Funds. Silver Point, Mr. Mulé and Mr. O’Shea are collectively referred to herein as the “Reporting Persons.”

The Reporting Persons have entered into a Joint Filing Agreement, dated November 14, 2024, a copy of which is filed with this Amendment No. 6 to Schedule 13G as Exhibit A, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.

(b) Address of Principal Business Office or, if none, Residence:

The address of the principal business office of each of the Reporting Persons is Two Greenwich Plaza, Suite 1 Greenwich, CT 06830.

(c) Citizenship:

Silver Point Capital, L.P. is organized as a limited partnership under the laws of the State of Delaware. Both Mr. Mulé and Mr. O’Shea are U.S. citizens.

(d) Title of Class of Securities:

Class A ordinary shares, par value US$0.0001 per share

(e) CUSIP No.:

86389T106

 

Item 3

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not Applicable.


Item 4

Ownership:

 

A.

Silver Point Capital, L.P.

 

  (a)

Amount beneficially owned: 114,757,656

 

  (b)

Percent of class: 14.9%

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or direct the vote: -0-

 

  (ii)

Shared power to vote or direct the vote: 114,757,656

 

  (iii)

Sole power to dispose or direct the disposition: -0-

 

  (iv)

Shared power to dispose or direct the disposition: 114,757,656

 

B.

Edward A. Mulé

 

  (a)

Amount beneficially owned: 114,757,656

 

  (b)

Percent of class: 14.9%

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or direct the vote: -0-

 

  (ii)

Shared power to vote or direct the vote: 114,757,656

 

  (iii)

Sole power to dispose or direct the disposition: -0-

 

  (iv)

Shared power to dispose or direct the disposition: 114,757,656

 

C.

Robert J. O’Shea

 

  (a)

Amount beneficially owned: 114,757,656

 

  (b)

Percent of class: 14.9%

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or direct the vote: -0-

 

  (ii)

Shared power to vote or direct the vote: 114,757,656

 

  (iii)

Sole power to dispose or direct the disposition: -0-

 

  (iv)

Shared power to dispose or direct the disposition: 114,757,656

 

Item 5

Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.


Item 6

Ownership of More Than Five Percent on Behalf of Another Person:

See response to Item 4.

 

Item 7

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

Not applicable.

 

Item 8

Identification and Classification of Members of the Group:

Not applicable.

 

Item 9

Notice of Dissolution of Group:

Not applicable.

 

Item 10

Certification:

Not applicable.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 6 to Schedule 13G is true, complete and correct.

Date: November 14, 2024

 

Silver Point Capital, L.P.
By:   /s/ Steven Weiser
Name:   Steven Weiser
Its:   Authorized Signatory
Edward A. Mulé
By:   /s/ Steven Weiser
Name:   Steven Weiser
Title:   Attorney-in-fact
Robert J. O’Shea
By:   /s/ Steven Weiser
Name:   Steven Weiser
Title:   Attorney-in-fact


EXHIBIT INDEX

 

Exhibit   

Description of Exhibit

Exhibit A    Joint Filing Agreement dated November 14, 2024.
Exhibit B    Power of Attorney of Edward A. Mulé (incorporated here by reference to Exhibit B to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mulé and Robert O’Shea with the Securities and Exchange Commission on February 16, 2016 relating to TopBuild Corp.).
Exhibit C    Power of Attorney of Robert O’Shea (incorporated here by reference to Exhibit C to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mulé and Robert O’Shea with the Securities and Exchange Commission on February 16, 2016 relating to TopBuild Corp.).

 

EX-99.A

Exhibit A

AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G

The undersigned hereby agree as follows:

(i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and

(ii) Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

Date: November 14, 2024

 

Silver Point Capital, L.P.
By:   /s/ Steven Weiser
Name:   Steven Weiser
Its:   Authorized Signatory
Edward A. Mulé
By:   /s/ Steven Weiser
Name:   Steven Weiser
Title:   Attorney-in-fact
Robert J. O’Shea
By:   /s/ Steven Weiser
Name:   Steven Weiser
Title:   Attorney-in-fact