Wynn Macau (HK:1128) has released an update.
Wynn Macau, Limited has announced an adjustment to the conversion price of its $600 million 4.50% convertible bonds due 2029 following a final dividend payment for 2023 and an interim dividend for 2024. The conversion price has been revised from HK$10.24375 to HK$10.01212, effective September 4, 2024, which will allow bondholders to convert their bonds into approximately 9.0% of the Company’s issued share capital. This adjustment is in line with the terms of the bonds and does not affect other conditions of the securities.
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