Wynn Macau says it has validly tendered 2021 Notes in the principal amount of US$946.1 million, representing 70.08% of the US$1.35 billion principal amount of outstanding 2021 Notes, after a tender offer for repurchase expired on Wednesday.
The announcement comes after the company revealed plans last week to acquire all of the outstanding 2021 notes issued in October 2013 and March 2014 prior to maturity.
In a filing to the Hong Kong Stock Exchange on Wednesday, Wynn Macau said the US$946.1 million in 2021 Notes repurchased by the company pursuant to the tender offer will be cancelled, while those remaining outstanding will continue to be obligations of the company.
The company also announced that an application has been made to the Hong Kong Stock Exchange for the listing of and permission to deal in new senior notes to the value of US$1.35 billion by way of debt issues to professional investors. Wynn Macau said it had issued US$600 million 4.875% Senior Notes due 2024 and US$750 million 5.500% Senior Notes due 2027.
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