Wynn Macau plans to sell $500 million eight-year notes Thursday

By Paul A. Harris

Portland, Ore., Oct. 10 - Wynn Macau Ltd. plans to price a $500 million offering of eight-year senior notes (expected ratings Ba2/BB) in a Thursday drive-by, according to market sources.

JP Morgan Securities LLC, Deutsche Bank Securities Inc. and Bank of China Ltd. are the joint bookrunners for the Rule 144A and Regulation S for life offer.

The notes become callable in three years at par plus 75% of the coupon.

The Macau-based gaming firm plans to use the proceeds for working capital and for general corporate purposes.

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