Wynn Macau to roadshow $1.35 billion of notes through Wednesday

By Paul A. Harris and Rebecca Melvin

New York, Sept. 11 – Wynn Macau Ltd., an indirect subsidiary of Wynn Resorts Ltd., began a roadshow for a $1.35 billion offering of senior notes (B), according to a news release and a market source.

Marketing continues through Wednesday.

The bookrunners 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.

The offering will be sold under Rule 144A and Regulation S.

Proceeds are intended to be used together with other available funds and/or cash to repurchase and redeem the $1.35 billion outstanding principal amount of the issuer’s 5¼% notes due 2021 notes in full.

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

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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