Silver Point Capital, L.P., along with co-reporting persons Edward A. Mule and Robert J. O'Shea, filed a Form 4 on November 9, 2026, disclosing three purchases of American Depositary Shares of Studio City International Holdings Ltd (NYSE:MSC) between November 5 and November 9, 2026.

Key Highlights

  • Three purchase transactions: Silver Point acquired 2,300 ADS on November 5, 23,270 ADS on November 6, and 8,500 ADS on November 9, 2026, for transaction codes of P (open-market purchase) in each case.
  • Prices paid: The per-ADS prices reported were $0.95 on November 5, $0.93 on November 6, and $0.91 on November 9, 2026.
  • Post-transaction beneficial ownership: Following the three purchases, the number of Class A Ordinary Shares beneficially owned reached 31,439,633, held directly by the Funds managed by Silver Point.
  • ADS conversion ratio: According to the filing, each American Depositary Share is convertible at any time, at the holder's election, into four Class A Ordinary Shares, and the ADS have no expiration date.
  • Non-derivative disposition: Table I also reflects a disposition of 400 Class A Ordinary Shares, with no transaction date, price, or transaction code shown in the filing for that line.
  • Multiple reporting persons: The form was filed jointly by Silver Point Capital, L.P., Edward A. Mule, and Robert J. O'Shea, all of Two Greenwich Plaza, Suite 1, Greenwich, Connecticut 06830, each listed as both Director and 10% Owner.

Silver Point Capital's November 2026 ADS Acquisitions in Studio City International

According to the filing, Silver Point Capital, L.P. serves as investment manager to several funds, including Silver Point Capital Fund, L.P., Silver Point Capital Offshore Master Fund, L.P., Silver Point Distressed Opportunities Fund, L.P., and related entities (collectively, the "Funds"). The filing states that Silver Point "may be deemed to be the beneficial owner of all the reported securities held by the Funds" by reason of its investment manager status.

The three reported purchases of American Depositary Shares occurred on November 5 (2,300 ADS at $0.95 each), November 6 (23,270 ADS at $0.93 each), and November 9, 2026 (8,500 ADS at $0.91 each). After these transactions, the filing reports beneficial ownership of 31,439,633 Class A Ordinary Shares held directly by the Funds. The filing notes that each ADS converts into four Class A Ordinary Shares at the holder's election with no expiration date.

Co-reporting persons Mule and O'Shea are identified as members of Silver Point Capital Management, LLC, the general partner of Silver Point. The filing states they "may be deemed to be the beneficial owner of all of the securities held by the Funds" but that they "disclaim beneficial ownership of the reported securities held by Funds except to the extent of their pecuniary interests." All three reporting persons signed, through authorized signatory Steven Weiser, on November 9, 2026.

What Was Disclosed

The filing disclosed three open-market purchases of Studio City International Holdings ADS by Silver Point Capital-managed funds between November 5 and November 9, 2026, at prices ranging from $0.91 to $0.95 per ADS, with resulting beneficial ownership of 31,439,633 Class A Ordinary Shares.