Wynn Macau issues US$1 billion in senior notes

Wynn Macau has confirmed the issuance of $1 billion senior notes due 2029, which will be used to facilitate the repayment of a portion of the amounts outstanding under the Wynn Macau Credit Facilities, and for general corporate purposes.

Wynn Macau first announced plans to conduct the notes offering on Tuesday, along with results filing for October - but did not give any further details.

In a Wednesday announcement, Wynn Macau said it has entered into the Purchase Agreement with Deutsche Bank AG, Singapore Branch for the issue of US$1 billion 5.125% senior notes due 2029.

The net proceeds from the offering of the Notes will be approximately US$991.3 million after deducting the discounts and commissions and offering expenses payable, it said.

Latest Intelligence

Latest issue

PATA CEO sees slow recovery, but optimism for future

AGB Podcasts