debt
confidence high
sentiment neutral
materiality 0.60
Wynn Resorts announces $800M senior notes offering due 2033 to refinance 2025 notes and fund forfeiture
WYNN RESORTS LTD
- Wynn Resorts Finance and Wynn Resorts Capital Corp. offering $800M Senior Notes due 2033 in a private offering.
- Net proceeds will redeem Wynn Las Vegas's outstanding 5.500% Senior Notes due 2025 in full.
- Remainder for general corporate purposes, may cover all or part of $130M forfeiture under non-prosecution agreement.
- Notes are senior unsecured obligations, rank equally with Issuers' existing 2029 and 2031 notes.
- Offering is exempt from registration under Securities Act; offered to QIBs and offshore investors.