Wynn Resorts issues $600M 7.125% senior notes due 2031, settles tender for 2025 notes

WYNN RESORTS LTD

Issued $600M aggregate principal of 7.125% senior notes due Feb 15, 2031; interest semi-annual.
Tender offer for 7.75% 2025 notes: $506.4M of $600M tendered at $1,024.50/$1,000 plus accrued interest.
Proceeds from new notes plus cash on hand used to purchase tendered 2025 notes; remainder to be redeemed.
New notes guaranteed by domestic subsidiaries; make-whole callable prior to Nov 15, 2030.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WYNN RESORTS LTD entered into Indenture with U.S. Bank Trust Company, National Association valued at $600 million aggregate principal amount (effective 2023-02-16).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $600 million aggregate principal amount
Effective: 2023-02-16

Exact text from the filing

On February 16, 2023, Wynn Resorts, Limited (the “Company”) announced that Wynn Resorts Finance, LLC (“WRF”) and its subsidiary, Wynn Resorts Capital Corp. (“Wynn Resorts Capital” and, together with WRF, the “Issuers”), each an indirect wholly-owned subsidiary of the Company, issued $600 million aggregate principal amount of 7.125% Senior Notes due 2031 (the “Notes”) pursuant to an indenture (the “Indenture”) among the Issuers, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).

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Source: SEC EDGAR

accession 0001174922-23-000036

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