{"id":22734,"date":"2021-09-17T13:37:20","date_gmt":"2021-09-17T16:37:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22734"},"modified":"2026-04-23T15:33:39","modified_gmt":"2026-04-23T18:33:39","slug":"wynn-macau-gets-us1-5bn-credit-facility","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-gets-us1-5bn-credit-facility","title":{"rendered":"Wynn Macau gets US$1.5bn credit facility"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Wynn Macau has announced it has obtained a revolving loan facility of US$1.5bn to refinance existing debt and for general corporate purposes.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.-<strong>\u00a0<\/strong><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-expects-casino-licence-renewal\">Wynn Resorts Macau<\/a>\u00a0has reported it has obtained a\u00a0<strong>US$1.5bn revolving credit facility<\/strong>\u00a0in order to renegotiate existing obligations and for general corporate purposes.\u00a0The company announced<strong>\u00a0the facility loan will comprise one tranche of US$312.5m and one of HKD9.26bn<\/strong>.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The loans will be made accessible to Wynn&#8217;s WM Cayman II unit, which likewise can level up the credit by a further US$1bn.\u00a0The last development of all remarkable credits under the Revolving Facility is 16 September 2025.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Wynn Macau posts net loss of US$116.6m for Q2<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Wynn Resorts Macau<\/strong>\u00a0reported\u00a0<strong>US$116.6m in net losses<\/strong>\u00a0for the second quarter of the year. Property\u00a0<strong>earnings before interest, taxation, depreciation and amortisation (EBITDA)\u00a0<\/strong>grew 54 per cent to US$67.6m.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The latter figure represented an improvement from the<strong>&nbsp;negative EBITDA of US$193.6m in Q2 2020&nbsp;<\/strong>and marks the third consecutive quarter of positive property EBITDA.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Operating revenues from the two&nbsp;<strong>Wynn casinos in Macau reached US$354.5m, up 9.1 sequentially<\/strong>. Aggregate mass-market table was US$1.38m, up 14.8 per cent sequentially.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Wynn\u2019s VIP&nbsp;<\/strong>turnover was down 17.5 per cent when compared to the previous quarter. The company gained nearly US$111m from its VIP table games, down 28.5 per cent sequentially.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wynn Macau has announced it has obtained a revolving loan facility of US$1.5bn to refinance existing debt and for general corporate purposes.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Wynn Macau has secured a US$1.5bn revolving loan facility to refinance existing debt and support general corporate purposes, accessible via its WM Cayman II unit. This financial maneuver comes as the company reported a Q2 net loss of US$116.6m, alongside a 54% increase in property EBITDA to US$67.6m, marking its third consecutive quarter of positive EBITDA.","focusai_entities":"Wynn Macau, Wynn Resorts Macau, WM Cayman II","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.85), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Debt Refinancing Impact","query":"How does the new US$1.5bn revolving loan facility alter Wynn Macau's debt maturity profile and overall cost of capital, particularly given the current interest rate environment and Macau's market recovery trajectory?"},{"label":"Operational Performance Analysis","query":"What specific factors contributed to the sequential decline in VIP turnover and revenue, and how does this trend align with broader Macau market dynamics and Wynn's strategic focus on mass-market recovery?"}],"footnotes":""},"categories":[16338,163],"tags":[23906,20777],"class_list":["post-22734","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos","tag-wynn-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22734"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22734\/revisions"}],"predecessor-version":[{"id":22764,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22734\/revisions\/22764"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}