Wynn Macau plans new dollar notes to repurchase existing 2021 notes

By Rebecca Melvin

New York, Sept. 11 – Wynn Macau Ltd., an indirect subsidiary of Wynn Resorts Ltd., plans to price senior notes (B) subject to market conditions and to repurchase its $1.35 billion outstanding principal amount of 5¼% notes due 2021, according to a company news release on Monday.

The tender offer began on Monday and will expire on Sept. 19.

Initial purchasers and bookrunners of the new Rule 144A and Regulation S notes are Deutsche Bank AG, Singapore Branch (global coordinator and left lead), BNP Paribas Securities Corp., BOCI Asia Ltd., DBS Bank Ltd., Industrial and Commercial Bank of China (Macau) Ltd., Merrill Lynch, SMBC Nikko Securities America Inc., and United Overseas Bank Ltd.

Co-managers are Banco Nacional Ultramarina SA, Bank of Communications Co. Ltd., Macau Branch, and J. P. Morgan Securities LLC.

Proceeds are intended to be used together with other available funds and/or cash to repurchase and redeem the 2021 notes in full.

The company plans to list the new notes of the Hong Kong Stock Exchange.

The issuer is a Macau-based gaming firm incorporated in the Cayman Islands.

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