S&P: Grants Wynn Macau (01128.HK) Proposed Issuance of $500 Million Senior Unsecured Notes "BB-" Issue Rating

On August 11th, Standard & Poor's granted a "BB-" issue-level rating to the $500 million senior unsecured notes planned for issuance by Wynn Macau Ltd. (referred to as "Wynn Macau" and listed as 01128.HK) with a maturity date in 2034. This company is a subsidiary of Wynn Resorts Ltd. Standard & Poor's expects the company to use the proceeds for general corporate purposes, including repaying outstanding borrowings under its WM Cayman II revolving credit facility (with an outstanding balance of $1.14 billion as of June 30, 2025) and/or existing unsecured notes. The company holds $1 billion of Wynn Macau senior unsecured notes due on January 15, 2026.