debt
confidence high
sentiment neutral
materiality 0.55
Wynn Macau proposes private offering of senior notes; proceeds to repay debt
WYNN RESORTS LTD
- Wynn Macau (72%-owned by Wynn Resorts) announces proposed private offering of USD senior notes.
- Aggregate principal amount, terms, and pricing not yet determined; subject to market conditions.
- Net proceeds intended for general corporate purposes, including repayment of WM Cayman II revolver and existing notes.
- Joint global coordinators: Deutsche Bank, BofA Securities, Scotia Capital, SMBC Nikko; 14 joint bookrunners also appointed.
- Listing on HKSE as debt issue to professional investors only; application submitted.