Gaming group Wynn Resorts has entered into an agreement with Bank of China Macau involving a loan of some $1.5 billion.
According to a company dispatch, two Wynn indirect subsidiaries – WM Cayman Holdings Limited II and Wynn Macau, Limited, entered into an agreement with Bank of China Limited, Macau Branch for a revolving credit facility.
The loan is divided into a US$312.5 million US dollar tranche and a Hong Kong dollar tranche of HK$9.26 billion.
The credit line was initially agreed upon in September, 2021, with the maturity date of all outstanding loans to be valid until September 16, 2025.
