debt
confidence high
sentiment positive
materiality 0.60
Wynn Resorts amends credit agreement; extends maturities to 2030, adds $500M revolver
WYNN RESORTS LTD
- Credit Agreement Amendment extends maturity of Term A Facility Loans and Revolving Commitments to June 12, 2030.
- Obtained $500 million in incremental extended revolving commitments with maturity also June 12, 2030.
- Obtained $57.5 million in incremental Extended Term A Facility Loans to refinance non-extended loans.
- Repaid non-consenting lender's Term Loans and revolving commitments as part of Amendment No. 5 Refinancing.
- Amendment involves multiple lenders including Deutsche Bank as administrative agent.
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