Wynn Resorts (Macau) SA has upsized the fungible add-on to its 5.625% senior notes due August 2028 to $750 million from $650 million, while setting final pricing at 103.

Books will close today at 9:30 a.m. ET, for pricing shortly after.

Original price talk on the bonds was set in the 102.5 area.

Deutsche Bank (B&D) is global coordinator and lead left.

Proceeds from the new 144A/RegS senior fixed-rate notes will be used to repay part of the debt outstanding under the company's credit facilities. The proceeds of the $100 million upsize will further pay down the revolver.

Bankers close to the deal have led investors to expect ratings of BB-/B1.

Joint bookrunners on the deal are Goldman Sachs, Banco Nacional Ultramarino, Bank of China, Bank of Communications Macau, BNP Paribas, BOC International, BofA Securities, DBS Bank, ICBC, J.P. Morgan, Scotiabank, SMBC and United Overseas Bank.

The existing $600 million issue of notes was placed in August alongside a $250 million add-on to the company's 5.5% notes due January 2026 to repay the amounts then outstanding from its term loan. The bonds closed on Dec. 11 around 103.5, yielding 4.8%.

Wynn Macau owns and operates the Wynn Palace and Wynn Macau casino resorts in Macau.