WYNN MACAU (01128): early redemption of the senior notes due in 2026

date
22/08/2025
avatar
GMT Eight
Wynn Macau (01128) announces the issuance of USD 750 million 5.50% due in 2026...
WYNN MACAU (01128) announced that it will redeem its outstanding 7.5 billion USD 5.500% Senior Notes due in 2026 (the "Original Notes") and an additional 2.5 billion USD 5.500% Senior Notes due in 2026 (which have been merged with the Original Notes to form a single series, collectively referred to as the "2026 Notes"). It has proposed to exercise its option under the terms and conditions of the 2026 Notes indenture to fully redeem the 2026 Notes on September 2, 2025 (the redemption date). The 2026 Notes will be redeemed at a redemption price equal to 100% of the principal amount of the 2026 Notes to be redeemed, plus accrued and unpaid interest up to (but not including) the redemption date. As of the close of business on August 20, 2025 (the last practicable date prior to the publication of this announcement), the outstanding principal amount of the 2026 Notes is 1 billion USD. The company will utilize its internal resources to pay the outstanding principal amount and accrued and unpaid interest of the 2026 Notes. After redeeming all outstanding 2026 Notes, the redeemed 2026 Notes will be cancelled. Therefore, the company will apply to delist the 2026 Notes from the stock exchange after the redemption date.