Skadden, Arps, Slate, Meagher & Flom has acted for Wynn Resorts (Macau) in relation to a new $2.3 billion dual currency secured credit facility. The capital raised will be used to finance Wynn Macau’s existing debt, and to fund the development and construction of a new resort in Macau’s Cotai strip. The project is expected to cost up to $4 billion.

The secured credit facility included a $1.55 billion equivalent senior secured term loan, a $750 million equivalent fully funded senior secured term loan, and an option to increase the total senior secured facilities by an additional $200 million.

Hong Kong-based energy and infrastructure partner Alan Schiffman led the Skadden team.

Kanishk Verghese is North Asia journalist at ALB. Follow us on Twitter: @ALB_Magazine.

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