Wynn Resorts Announces Private Offering of $900 Million of Wynn Resorts Finance Senior Notes due 2035
Wynn Resorts announced a private offering of $900 million of senior notes due 2035 through its wholly-owned subsidiaries Wynn Resorts Finance and Wynn Resorts Capital Corp. Net proceeds, together with cash on hand, will be contributed or lent to Wynn Las Vegas, which will redeem in full its 5.250% senior notes due 2027 and pay related fees — effectively refinancing the 2027 maturity.
Key figures
- Deal Value Usd
- 900000000
- Offering type
- Private placement (Rule 144A / Regulation S)
- Notes due year
- 2035
- New notes ranking
- senior unsecured, pari passu with existing unsecured notes
- Refinanced instrument
- 5.250% Senior Notes due 2027 (2027 WLV Notes)
AI analysis
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