Macau casino operator Wynn Macau Ltd has completed the early redemption of its US$1.0-billion principal remaining outstanding senior notes priced at 5.500 percent which were due in 2026. The confirmation was made in a filing on Tuesday to the Hong Kong Stock Exchange.
Wynn Macau Ltd had announced the early redemption last month.
The company stated in its latest filing that “there are therefore no outstanding 2026 notes” and that it had applied to the Hong Kong bourse to withdraw the listing of the notes.
“Such withdrawal of listing is expected to become effective upon the close of business on September 11,” Wynn Macau Ltd said.
The group runs the Wynn Macau property in downtown Macau and Wynn Palace (pictured) in the Cotai district.
On August 13, Wynn Macau Ltd announced an offering of US$1.0 billion in aggregate principal amount of 6.750-percent senior notes, due in 2034.
Management at the parent company, United States-based Wynn Resorts Ltd, said last month at the time of the firm’s second-quarter results, that the Macau unit is spending up to US$250 million this year on concession-related investment commitments made to the local government, including upgrades to the hotel tower at Wynn Macau and work at Wynn Palace.
The group has also earmarked between US$450 million and US$500 million for Macau-concession-related capital expenditure in 2026, according to an investor presentation issued along with the second-quarter results.
