secwatch.observer — SEC 8-K summary
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Issuer:     WYNN RESORTS LTD (WYNN)
CIK:        0001174922
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001174922-23-000060
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wynn Macau completes $600M 4.50% convertible bond offering due 2029
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- WML issued $600M 4.50% convertible bonds due 2029; net proceeds ~$586M for general corporate purposes.
- Conversion price set at HK$10.24 per WML ordinary share; bonds convertible from April 17, 2023.
- Parent Wynn Resorts' 71.6% holder entered securities lending agreement with Goldman Sachs for up to 459.8M shares (for hedging).
- Put option on March 7, 2027; optional redemption after March 2027 if stock price ≥130% of conversion price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1174922/000117492223000060/0001174922-23-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1174922/000117492223000060/wynn-20230307.htm
  HTML page:      https://secwatch.observer/filing/0001174922-23-000060

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