debt
confidence high
sentiment neutral
materiality 0.60
Wynn Las Vegas launches tender offer for up to $800M of 5.500% Senior Notes due 2025
WYNN RESORTS LTD
- Tender offer for up to $800M of 5.500% Senior Notes due 2025 at total consideration $1,002.17 per $1,000 principal.
- Early tender deadline Feb 22, 2024, settlement expected Feb 23, 2024; final expiration March 8, 2024.
- Offer contingent on new debt financing arranged by Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp.
- Principal outstanding $1.4B; $20M held by Wynn Resorts not participating in the tender.
- Deutsche Bank Securities and Scotia Capital acting as dealer managers for the offer.