Silver Point Capital, L.P., along with co-reporting persons Edward A. Mule and Robert J. O'Shea, filed a Form 4 on October 29, 2026, disclosing purchases of American Depositary Shares of Studio City International Holdings Ltd (NYSE:MSC) on October 27, 28, and 29, 2026.

Key Highlights

  • Three reporting persons: Silver Point Capital, L.P., Edward A. Mule, and Robert J. O'Shea filed jointly, each identified as a Director and 10% Owner of the issuer.
  • October 27 purchase: 36,000 American Depositary Shares (ADS) were acquired at a price of $0.80 per underlying Class A Ordinary Share, with resulting beneficial ownership of 31,379,563 Class A Ordinary Shares.
  • October 28 purchase: 7,000 ADS were acquired at a price of $0.79 per underlying Class A Ordinary Share, bringing beneficial ownership to 31,386,563 Class A Ordinary Shares.
  • October 29 purchase: 1,000 ADS were acquired at a price of $0.79 per underlying Class A Ordinary Share, bringing beneficial ownership to 31,387,563 Class A Ordinary Shares.
  • ADS conversion ratio: According to the filing, each ADS is convertible at any time, at the holder's election, into four Class A Ordinary Shares, with no expiration date.
  • Non-derivative disposition: The filing also records 400 Class A Ordinary Shares disposed of (transaction code D) in Table I, with no price stated.

Silver Point Capital's ADS Purchases in Studio City International Holdings

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

The filing further discloses that Silver Point Capital Management, LLC is the general partner of Silver Point and may therefore 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 Silver Point Capital Management, LLC, and the filing states they may each be deemed beneficial owners of the securities held by the funds. Both Mule and O'Shea, according to the filing, "disclaim beneficial ownership of the reported securities held by Funds except to the extent of their pecuniary interests."

The three ADS purchases across October 27-29, 2026 totaled 44,000 ADS under transaction code P. Because each ADS converts into four Class A Ordinary Shares, the purchases correspond to an increase in underlying share exposure. The filing was signed by Steven Weiser as authorized signatory for Silver Point Capital, L.P. and as attorney-in-fact on behalf of both Mule and O'Shea individually.

What Was Disclosed

Silver Point Capital, L.P., Edward A. Mule, and Robert J. O'Shea disclosed purchases of 44,000 American Depositary Shares of Studio City International Holdings Ltd across three trading days in late October 2026, with post-transaction beneficial ownership reported at 31,387,563 Class A Ordinary Shares.