Wynn Macau Ltd confirmed Friday that it will redeem in full senior notes due 2026 and valued at US$1 billion on 2 September 2025.
The redemption includes the company’s US$750 million 5.500% senior notes due 2026 issued in June 2020 and US$250 million 5.500% senior notes due 2026 issued in August 2020.
This follows the completion just days ago of a US$1 billion offering of 6.750% senior notes due 2034.
In a filing, Wynn said it proposes to exercise its option to redeem the 2026 Notes in whole on 2 September 2025 at a redemption price equal to 100% of the principal amount of the 2026 Notes, plus accrued and unpaid interest to but not including the redemption date.
This would be funded using “internal resources”, the company added, after which time it will apply to the Hong Kong Stock Exchange to have the notes delisted.
Wynn in recent days also declared an interim dividend of HK$0.185 per share for the first six months of 2025, representing a total payout of around US$250 million on 1H25 Adjusted EBITDA of US$444 million and profit attributable to owners of US$29.5 million.
Citigroup analysts said the decision to maintain dividend levels despite a challenging period meant Wynn was “effectively setting a progressive dividend policy”.
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