The redemption follows the issuance of new notes due in 2034.
Macau.- The casino operator Wynn Macau Ltd has completed the full early redemption of its US$1bn 5.5 per cent Senior Notes due in 2026 as part of a refinancing strategy to optimise its balance sheet. The company has applied to delist the notes from the Hong Kong Stock Exchange, with the withdrawal expected to take effect after the close of business on September 11.
The redemption follows the issuance of US$1bn in new 6.75 per cent Senior Notes due in 2034, announced on August 13. While the new notes carry a higher interest rate, the extended maturity provides greater financial flexibility, reducing near-term pressures.
Parent company Wynn Resorts Ltd has said that its Macau unit is allocating up to US$250m in 2025 for concession-related commitments, including upgrades to the Wynn Macau hotel tower and enhancements at Wynn Palace. Additionally, Wynn Macau has budgeted between US$450m and US$500m for capital expenditures in 2026, as outlined in a recent investor presentation.
The redemption follows the issuance of new notes due in 2034. Macau.- The casino operator Wynn Macau Ltd has completed the full early redemption of its US$1bn 5.5 per cent…
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