GGRAsia – Wynn Macau Ltd to raise US$766mln net from add-on notes
Macau casino operator Wynn Macau Ltd said in a Wednesday filing it expected to raise US$765.9 million net from an add-on issuance of senior unsecured notes valued at a principal amount of US$750 million, thanks to being able to charge investors a 3 percent premium on the principal amount. Wynn Macau Ltd – which operates the Wynn Macau resort on the city’s peninsula, and Wynn Palace (pictured) in Cotai – reiterated commentary it gave in a Monday filing when it first announced the add-on notes plan, that it intends to use the net proceeds for “repayment of a portion of the amounts outs...
Source: ggrasia.com