debt
confidence high
sentiment neutral
materiality 0.50
Wynn Resorts issues $900M 6.875% senior notes due 2035 to refinance 2027 notes
WYNN RESORTS LTD
- Issued $900M aggregate principal of 6.875% Senior Notes due March 15, 2035; interest payable semi-annually March 15/Sept 15, first on March 15, 2027.
- Net proceeds plus cash on hand will redeem in full Wynn Las Vegas' 5.250% Senior Notes due 2027.
- Notes guaranteed by WRF domestic subsidiaries; redeemable at make-whole prior to Sept 15, 2029, then at specified prices.
- Change-of-control repurchase at 101% plus accrued interest; customary covenants and events of default included.
- Issuer: Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp.; trustee U.S. Bank Trust Company.