Wynn Al Marjan Island secures $2.4B construction facility; 7-year term, opening on track for 2027

WYNN RESORTS LTD

$2.4B delayed-draw secured term loan facility in AED/USD for 40%-owned JV; 7-year term at competitive market rate.
Largest hospitality financing in UAE history; syndicate includes Abu Dhabi Commercial Bank, Deutsche Bank, and First Abu Dhabi Bank.
Wynn Resorts and RAK government jointly and severally guarantee certain obligations, including cost overruns and completion by June 30, 2028.
Construction progress: 64% structural concrete, topping off December 2025; 80% of 1,542 guest room shells completed.
Resort to open in 2027 with 22 dining venues, 145,000 sq ft meetings space, and 39,000 sq ft poolscape.

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