Wynn Macau gets $500m loan facility from parent company

Wynn Resorts has provided financial assistance to its Macau unit in the form of a $500 million revolving credit facility, which it says will bolster the company’s already strong financial position.

The facility has a 24-month maturity and carries interest at 4 percent a year on funded amounts, Wynn Macau said in a statement to the Hong Kong Stock Exchange.
Wynn Macau said the commitment shows the confidence of both the company and its parent in the long-term growth potential of Macau.
The loan will be used to support future working capital and other funding needs.
Wynn Resorts owns about 72 percent of Wynn Macau. 

Financing Wynn Macau Latest news Revolving credit facility

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