Wynn Macau to price offering of convertible bonds

By Abigail W. Adams

Portland, Me., March 2 – Wynn Macau Ltd., a subsidiary of Wynn Resorts Ltd., announced its intention to price bonds convertible into Wynn Macau ordinary shares listed on the Stock Exchange of Hong Kong, according to a company news release.

Deutsche Bank AG, Hong Kong Branch, Moelis & Co. and Goldman Sachs (Asia) LLC are joint global coordinators and bookrunners for the Rule 144A and Regulation S offering.

BofA Securities is also a joint bookrunner.

In connection with the offering, WM Cayman Holdings Ltd. I, holder of approximately 72% of Wynn Macau common shares, will enter into a stock borrowing and lending agreement to facilitate hedging activity.

The bonds will be listed for trade with the Hong Kong Stock Exchange.

Wynn Macau is a Macau-based owner and operator of gaming and entertainment facilities.

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