Wynn Resorts, Limited (NASDAQ: WYNN) announced a private placement of senior notes due 2035 with an aggregate principal amount of $900 million. The notes will be issued by two wholly‑owned subsidiaries, Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp, and will rank senior unsecured, equal in right of payment with all existing and future liabilities that are not subordinated.
All domestic subsidiaries of Wynn Resorts Finance, except Wynn Resorts Capital, will guarantee the notes alongside the issuers’ existing senior secured credit facilities. The offering is being made under an exemption from registration under the Securities Act of 1933, with initial purchasers limited to qualified institutional buyers under Rule 144A or to non‑U.S. persons under Regulation S.
Proceeds, together with cash on hand, will be transferred to Wynn Las Vegas. The net funds will be used to fully redeem the 5.250% senior notes due 2027 issued by Wynn Las Vegas and Wynn Las Vegas Capital Corp, and to cover issuance and redemption fees. Wynn Las Vegas intends to complete the redemption on or after the closing of the offering.
