Wynn Macau to Raise US$1.35 Billion From Selling Two Notes

By Joanne Chiu Features Dow Jones Newswires

Wynn Macau Ltd. (1128.HK) is seeking to raise US$1.35 billion from selling notes for the redemption of its existing notes.

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The Hong Kong-listed casino operator said Thursday that it agreed to issue US$600 million 4.875% senior notes due 2024 and US$750 million 5.500% senior notes due 2027.

The net proceeds from the notes will be US$1.34 billion, which will be used together with other sources of funds available to repurchase its 2021 notes in full, it said.

Write to Joanne Chiu at joanne.chiu@wsj.com

(END) Dow Jones Newswires

September 13, 2017 20:51 ET (00:51 GMT)