Wynn Resorts subsidiaries extend $615M term loan to 2027, prepay $15M, cap interest rate at 3.385%

WYNN RESORTS LTD

Borrowers Wynn/CA Plaza and Wynn/CA Property Owner amended their term loan to extend scheduled maturity to July 24, 2027.
Borrowers made a $15 million principal prepayment as part of the amendment.
Borrowers entered an interest rate swap maturing Feb 2027 to cap One Month Term SOFR at 3.385%.
New loan-to-value covenant requires maximum 55% ratio tested annually, with mandatory excess cash sweep if breached.
Interest rate set at One Month Term SOFR plus 215 basis points.

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