debt
confidence high
sentiment neutral
materiality 0.55
Wynn Macau prices $1.0B of 6.750% senior notes due 2034; net proceeds ~$989M
WYNN RESORTS LTD
- Wynn Macau (indirect sub of Wynn Resorts) issued $1.0B aggregate principal of 6.750% senior notes due 15 Feb 2034.
- Net proceeds estimated at ~$989M after discounts and expenses; expected issue date Aug 19, 2025.
- Proceeds to be used for general corporate purposes, including repayment of WM Cayman II Revolver and/or existing notes.
- Notes rank equally with existing senior unsecured debt; change of control triggers repurchase at 101% of principal.
- Wynn Resorts owns ~72% of WML ordinary shares; Parent co. indirectly benefits from the financing.