Wynn Macau, a casino operator in Macau, announced that its lenders have agreed to extend the maturity date of a portion of its outstanding loans under an existing revolving credit facility.
The new maturity date is now set for September 16th, 2028, granting the company an additional three years to repay the loans.
This update was disclosed in a Monday filing with the Hong Kong Stock Exchange.
The revolving loan facility—valued at approximately $1.5 billion—was originally announced in September 2021, with a maturity date in September 2025.
The agreement involves Wynn Macau and its wholly owned subsidiary, WM Cayman Holdings Ltd II, with the Bank of China Ltd, Macau Branch acting as the agent. The credit facility is provided by a syndicate of banks.
Wynn Macau operates two key properties in the region: the Wynn Macau resort on the city’s peninsula and Wynn Palace in the Cotai district. The company is part of Wynn Resorts, a U.S.-based casino developer.
In the filing, Wynn Macau also noted that “customary extension fees and expenses” will be paid by WM Cayman II in connection with the amended facility and related agreements.
In other recent developments, Wynn Macau declared an interim dividend of HK$0.075 ($0.01) per share in August.
