debt
confidence high
sentiment neutral
materiality 0.20
Wynn Macau adjusts convertible bond conversion price to HK$9.66905 after dividend
WYNN RESORTS LTD
- Conversion price adjusted from HK$10.01212 to HK$9.66905 effective June 3, 2025 due to HK$0.185 final dividend.
- Adjustment applies to WML's US$600M 4.50% convertible bonds due 2029.
- Full conversion would result in ~487M shares, representing 9.3% of current issued shares.
- Wynn Resorts owns ~72% of Wynn Macau's ordinary shares.
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