secwatch.observer — SEC 8-K summary
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Issuer:     WYNN RESORTS LTD (WYNN)
CIK:        0001174922
Form:       8-K
Filed at:   2022-12-01T23:59:59+00:00
Accession:  0001174922-22-000158
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wynn completes $1.7B Encore Boston Harbor sale-leaseback with Realty Income
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- Sale price of $1.7B in cash; cash cap rate of 5.9%.
- Net proceeds boost global liquidity to $4.4B.
- Triple net lease initial annual rent $100M, 30-year term plus 30-year renewal.
- Rent escalates 1.75% for first 10 years, then greater of 1.75% or CPI (capped at 2.5%).
- All necessary regulatory approvals obtained for the transaction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174922/000117492222000158/0001174922-22-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174922/000117492222000158/wynn-20221201.htm
  HTML page:      https://secwatch.observer/filing/0001174922-22-000158

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer