Wynn Resorts said Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. plan to offer an additional $400 million of 7.125% Senior Notes due 2031, the company said on February 8, 2024.

8-KOther EventsFiled Feb 8, 2024Period of report Feb 8, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

Wynn Resorts said Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. plan to offer an additional $400 million of 7.125% Senior Notes due 2031, the company said on February 8, 2024.
The company said the additional Notes will be treated as the same series as the $600 million of 7.125% Senior Notes due 2031 issued on February 16, 2023, and will have identical terms except for the initial issue price.
The company said Wynn Resorts Finance will contribute the net proceeds to Wynn Las Vegas, which will use them together with cash on hand to repurchase up to $800 million of 5.500% Senior Notes due 2025 through a tender offer and to pay related fees and expenses.
The company said any remaining funds may be used for general corporate purposes or to purchase additional 2025 LV Notes, and the Notes are offered only to qualified institutional buyers and certain non-U.S. persons under exemptions from Securities Act registration.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Wynn Resorts plans additional $400 million 7.125% Senior Notes due 2031

Wynn Resorts said Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. plan to offer an additional $400 million of 7.125% Senior Notes due 2031, the company said on February 8, 2024.

Source · Based on the filing body and exhibits

To be treated as same series as existing $600 million notes

The company said the additional Notes will be treated as the same series as the $600 million of 7.125% Senior Notes due 2031 issued on February 16, 2023, and will have identical terms except for the initial issue price.

Source · Based on the filing body and exhibits

Wynn Las Vegas to use proceeds to buy back 5.500% Senior Notes due 2025

The company said Wynn Resorts Finance will contribute the net proceeds to Wynn Las Vegas, which will use them together with cash on hand to repurchase up to $800 million of 5.500% Senior Notes due 2025 through a tender offer and to pay related fees and expenses.

Source · Based on the filing body and exhibits

Remaining proceeds and private Securities Act offering

The company said any remaining funds may be used for general corporate purposes or to purchase additional 2025 LV Notes, and the Notes are offered only to qualified institutional buyers and certain non-U.S. persons under exemptions from Securities Act registration.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.