---
schema_version: "secwatch.filing_event.v1"
accession: "0001174922-23-000120"
form_type: "8-K"
ticker: "WYNN"
cik: "0001174922"
company_name: "WYNN RESORTS LTD"
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:10:56.025441+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Wynn Resorts subsidiary amends $615M term loan to replace LIBOR with SOFR

## Summary
- Borrowers (50.1% Wynn subs) amended $615M secured loan to replace LIBOR with SOFR, effective July 3, 2023.
- New SOFR Rate = Adjusted Daily Simple SOFR + 1.70% spread, plus 0.10% adjustment; floor set at 0%.
- Loan secured by ~160,000 sq ft retail at Wynn Las Vegas; principal amount unchanged.
- Amendment includes conforming changes and a Benchmark Replacement mechanism if SOFR becomes unavailable.
- Transition aligns with market LIBOR phase-out; no immediate interest cost impact if rates comparable.

## SEC filing metadata
- accession: 0001174922-23-000120
- form_type: 8-K
- ticker: WYNN
- cik: 0001174922
- company_name: WYNN RESORTS LTD
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1174922/000117492223000120/0001174922-23-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1174922/000117492223000120/wynn-20230602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174922-23-000120
- JSON: https://secwatch.observer/filing/0001174922-23-000120.json
- Plain text: https://secwatch.observer/filing/0001174922-23-000120.txt

## Key facts
- Material Agreements
  WYNN RESORTS LTD amended Second Amendment with United Overseas Bank Limited, New York Agency and the lenders party thereto valued at $615,000,000 (effective 2023-07-03).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: United Overseas Bank Limited, New York Agency and the lenders party thereto
  - Value: $615,000,000
  - Effective: 2023-07-03
  source text: On June 2, 2023, Wynn/CA Plaza Property Owner, LLC and Wynn/CA Property Owner, LLC (collectively, the "Borrowers") entered into a second amendment (the "Second Amendment") to their existing term loan agreement (the "Term Loan Agreement") with United Overseas Bank Limited, New York Agency, as administrative agent, and the lenders party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1174922/000117492223000120/0001174922-23-000120-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.