WYNN RESORTS LTD (WYNN): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WYNN RESORTS LTD incurred guarantee of $2.4 billion with First Abu Dhabi Bank PJSC, as security agent for itself and the other secured parties.

Instrument: guarantee
Principal: $2.4 billion
Counterparty: First Abu Dhabi Bank PJSC, as security agent for itself and the other secured parties
Event: incurrence

Exact text from the filing

3 ("Wynn Al Marjan Island," or, the “Borrower”), entered into a facility agreement (the “Facility Agreement”) with a syndicate of lenders which provides the Borrower with a $2.4 billion (or equivalent in local currency) delayed draw secured term loan facility to finance the development of Wynn Al Marjan Island (the “Term Loan Facility”). Also on February 5,

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Source: SEC EDGAR

accession 0001174922-25-000032

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