Silver Point Capital, L.P., along with co-reporting persons Edward A. Mule and Robert J. O'Shea, filed a Form 4 on November 3, 2026, disclosing purchases of American Depositary Shares of Studio City International Holdings Ltd on October 30 and November 2, 2026.

Key Highlights

  • First purchase: 14,000 American Depositary Shares acquired on October 30, 2026, at a price of $0.79 per share.
  • Second purchase: 4,000 American Depositary Shares acquired on November 2, 2026, at a price of $0.96 per share.
  • Post-transaction holdings: Following the November 2 transaction, the reporting persons beneficially owned 31,405,563 Class A Ordinary Shares (held indirectly through the Funds).
  • 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.
  • Reporting persons: Silver Point Capital, L.P., Edward A. Mule, and Robert J. O'Shea filed jointly; all three are listed as Director and 10% Owner of the issuer.
  • Table I disclosure: The filing also shows 400 Class A Ordinary Shares disposed of (D) in Table I, with no transaction date, price, or transaction code specified in the filing.

Silver Point Capital's ADS Purchases and Beneficial Ownership in Studio City International

According to the filing, Silver Point Capital, L.P. serves as investment manager - directly or through wholly owned subsidiaries - for six funds identified as 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. (collectively, the "Funds"). The filing states that by reason of this status, Silver Point may be deemed the beneficial owner of all reported securities held by the Funds.

The filing further discloses that Silver Point Capital Management, LLC, as general partner of Silver Point, may also be deemed a beneficial owner of all securities held by the Funds. Edward A. Mule and Robert J. O'Shea are each identified as members of Management and are therefore also deemed beneficial owners, though the filing states that "Messrs. Mule and O'Shea disclaim beneficial ownership of the reported securities held by Funds except to the extent of their pecuniary interests."

The two purchase transactions reported in Table II cover American Depositary Shares of Studio City International Holdings Ltd, traded under the ticker MSC. After the October 30, 2026 purchase of 14,000 ADS at $0.79, beneficial ownership of underlying Class A Ordinary Shares stood at 31,401,563. Following the November 2, 2026 purchase of 4,000 ADS at $0.96, that figure rose to 31,405,563 Class A Ordinary Shares, held indirectly through the Funds. The filing was signed by Steven Weiser as authorized signatory on behalf of all three reporting persons on November 3, 2026.

What Was Disclosed

Silver Point Capital, L.P., Edward A. Mule, and Robert J. O'Shea jointly reported two purchases of American Depositary Shares in Studio City International Holdings Ltd on October 30 and November 2, 2026, resulting in indirect beneficial ownership of 31,405,563 Class A Ordinary Shares following the final transaction.