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Wynn Macau to redeem $1 billion in 5.50% senior notes due 2026

Published 22/08/2025, 11:20
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Wynn Resorts Ltd (NASDAQ:WYNN), currently trading at $110.89 and maintaining impressive gross profit margins of 68%, disclosed Thursday that its indirect subsidiary, Wynn Macau (OTC:WYNMF), Limited, will redeem all outstanding $1.0 billion aggregate principal amount of 5.50% senior notes due 2026. According to InvestingPro analysis, the company demonstrates good financial health, which supports its debt management initiatives. The redemption is expected to occur on September 2, 2025, at a price equal to 100% of the principal amount.

Wynn Macau, which is listed on the Stock Exchange of Hong Kong, made the announcement in a filing to the exchange. Wynn Resorts owns approximately 72% of the ordinary shares of Wynn Macau.

The information was provided in a statement attached to a press release filed with the U.S. Securities and Exchange Commission.

In other recent news, Wynn Resorts Limited reported its second-quarter earnings for 2025, missing analyst expectations for earnings per share (EPS). The company posted an EPS of $1.09, which was below the projected $1.20, representing a 9.17% negative surprise. However, revenue met forecasts, coming in at $1.74 billion. In addition to earnings, Wynn Macau, a subsidiary of Wynn Resorts, announced plans to issue $1 billion in senior notes due in 2034. This move was disclosed through a filing with the Securities and Exchange Commission and announced to the Hong Kong market.

Furthermore, several investment firms have adjusted their price targets for Wynn Resorts. Mizuho (NYSE:MFG) raised its target to $126, citing improving conditions in Macau. Macquarie increased its target to $124, highlighting the company’s luxury appeal and ongoing projects in the UAE. Stifel also raised its target to $130, noting solid performance in Las Vegas and Boston markets. These developments reflect a mix of challenges and opportunities for Wynn Resorts in the current financial landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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