debt
confidence high
sentiment positive
materiality 0.60
Wynn upsizes debt tender to $400M, receives $684M in tenders for 5.5% notes due 2025
WYNN RESORTS LTD
- Wynn Las Vegas LLC increases tender cap from $300M to $400M for its 5.500% Senior Notes due 2025.
- Early tender results: $684M principal tendered vs. $400M accepted, with proration applied.
- Total outstanding principal of the notes is $1.78B; early settlement expected Aug 24, 2023.
- Notes tendered after the Early Tender Date will not be accepted; withdrawal rights expired Aug 23.