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Macau''s first casino project financing closes for Wynn Resorts in Macau.

After 15 months of structuring, Wynn Resorts Macau has finally closed its first round of senior funding. The facility is split into a US dollar tranche and a Hong Kong dollar tranche and both are further divided into a project facility and a hotel facility.

There is a term loan is for $382 million and a revolving credit facility for HK$117 million $15 million. The term loan has a maturity of seven years and carries a price of 350bp over Libor. The facility has a two grace period from signing and then follows an amortization schedule. The average life is 5.35 years.

The Hong Kong...

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