debt
confidence high
sentiment neutral
materiality 0.60
Wynn Resorts issues $800M 6.250% Senior Notes due 2033 to refinance 2025 notes
WYNN RESORTS LTD
- Issued $800M aggregate principal of 6.250% Senior Notes due 2033.
- Net proceeds used to redeem $800M of outstanding 5.500% Senior Notes due 2025.
- Notes are jointly guaranteed by domestic subsidiaries of Wynn Resorts Finance.
- Interest payable semi-annually beginning March 15, 2025; maturity March 15, 2033.
- Redemption prior to Sept 15, 2027 at make-whole price; after that at specified prices.