Macau casino operator Wynn Macau Ltd says its lenders have agreed to make available an additional aggregate of US$1.0 billion in senior unsecured revolving credit facilities.
The information was in a Thursday filing to the Hong Kong Stock Exchange lodged after trading hours.
The deal involves on the borrower side, Wynn Macau Ltd and a wholly-owned unit of the group, called WM Cayman Holdings Ltd II. Bank of China Ltd, Macau Branch, was identified as the agent for the revolving loan facility, which is being provided by a group of lenders.
As a result of the latest deal, the total committed amount of senior unsecured revolving credit facilities available to the Wynn Macau Ltd side has increased to US$2.5 billion. The origin of the facility agreement dates back to September 2021. That initial agreement involved a revolving loan facility of about US$1.50 billion, originally due in September 2025.
The maturity of date of some outstanding loans under that lending facility was extended by three years to September 16, 2028, Wynn Macau Ltd said in September 2024.
Wynn Macau Ltd runs the Wynn Macau resort on Macau peninsula, and Wynn Palace in the Cotai district. The company is a unit of U.S.-based casino developer Wynn Resorts Ltd.
