Wynn Resorts issues $400M add-on 7.125% notes due 2031; tender $678M of 5.5% notes due 2025

WYNN RESORTS LTD

Issued $400M additional 7.125% Senior Notes due 2031 as same series as Feb 2023 $600M issuance; total now $1B.
Wynn Las Vegas tender offer: $678M of 5.500% notes due 2025 accepted early, up to $800M tender cap; $1.4B outstanding.
New notes mature Feb 2031; interest semi-annual at 7.125%. Tendered notes to be settled Feb 23, 2024.
Tender offer expires March 8, 2024; remaining tenders subject to cap.
Notes issued under exemptions; guaranteed by domestic subs.

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 Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $400 million aggregate principal amount of 7.125% Senior Notes due 2031 (effective 2024-02-23).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $400 million aggregate principal amount of 7.125% Senior Notes due 2031
Effective: 2024-02-23

Exact text from the filing

issued $400 million aggregate principal amount of 7.125% Senior Notes due 2031 (the “Notes”). The Notes were issued as additional notes pursuant to a supplemental indenture (the “Supplemental Indenture”), dated as of February 23, 2024, among the Issuers, the guarantors party thereto (the “Guarantors”) and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”)

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Source: SEC EDGAR

accession 0001174922-24-000044

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