newsfilter
← Latest News
PR Newswire·

Wynn Resorts Announces Private Offering of $900 Million of Wynn Resorts Finance Senior Notes due 2035

  • Wynn Resorts Finance, LLC & its subsidiary Wynn Resorts Capital Corp. are offering $900 million in Senior Notes due 2035 via a private placement.
  • The Notes will be jointly & severally guaranteed by domestic subsidiaries of Wynn Resorts Finance that secure existing Senior Credit Facilities.
  • The Notes rank as senior unsecured obligations equal in right of payment with existing unsecured liabilities & effectively subordinated to secured debt.
  • Net proceeds will be contributed to Wynn Las Vegas to fully redeem the 5.250% Senior Notes due 2027 & cover issuance fees.
  • The offering relies on exemptions under Rule 144A & Regulation S, with no registration under the Securities Act of 1933.
  • Wynn Las Vegas intends to redeem the 2027 WLV Notes upon closing but this release does not constitute a formal redemption notice.
  • The press release includes forward-looking statements subject to risks regarding economic conditions, regulation, & operational performance.