Macau casino operator Wynn Macau Ltd said on Monday that it had redeemed in full on October 20 its notes due in 2021. Such notes had been issued in the aggregate amount of US$1.35 billion on dates in October 2013 and March 2014 respectively.
The company said it had already applied to the Hong Kong Stock Exchange to withdraw the listing of the 2021 notes. “Such withdrawal … is expected to become effective upon the close of business on 27 October 2017,” said Wynn Macau Ltd.
The company announced last month the issuance of US$1.35-billion worth of senior notes to professional investors. Wynn Macau Ltd said at the time it intended to use the net proceeds from the exercise – projected to be nearly US$1.34 billion – “together with other sources of funds available to the company and/or cash on hand” to “repurchase and redeem in full” the notes due in 2021.
The new exercise involved US$600-million in 4.875-percent senior notes due in 2024 and US$750-million in 5.500-percent senior notes due in 2027.
Jul 29, 2021With effect from the stroke of midnight on Saturday (July 31), people intending to enter Macau on a direct flight from mainland China must hold a nucleic acid test certificate issued within 48 hours...
Jul 29, 2021
”We are hoping that within this year, by the end of the year, we will be able to open up the entire [Grand Lisboa Palace] property”
Daisy Ho Chiu Fung
Chairman of Macau casino operator SJM Holdings