The company said its indirect wholly-owned subsidiary, Wynn Las Vegas, LLC, commenced a cash tender offer on February 8, 2024 to buy back up to $800 million of its 5.500% Senior Notes due 2025.

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

Key points

AI summary

The company said its indirect wholly-owned subsidiary, Wynn Las Vegas, LLC, commenced a cash tender offer on February 8, 2024 to buy back up to $800 million of its 5.500% Senior Notes due 2025.
The company said the outstanding principal amount of the notes is $1,400,001,000, with a Base Consideration of $972.17, an Early Tender Premium of $30.00 and a Total Consideration of $1002.17, each per $1,000 principal amount. Accrued and unpaid interest will be paid separately.
The company said the Early Tender Time is 5 p.m. New York City time on February 22, 2024, the tender offer expires at 5 p.m. on March 8, and settlement is expected on or about February 23, with a final settlement on March 11.
The company said completion of the tender offer is subject to market and other conditions, including Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. arranging new debt financing on terms satisfactory to them and receiving the net proceeds from it.

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.

$800 million Cash Tender Offer Launched

The company said its indirect wholly-owned subsidiary, Wynn Las Vegas, LLC, commenced a cash tender offer on February 8, 2024 to buy back up to $800 million of its 5.500% Senior Notes due 2025.

Source · Based on the filing body and exhibits

$1,400,001,000 Outstanding Balance and Consideration Structure

The company said the outstanding principal amount of the notes is $1,400,001,000, with a Base Consideration of $972.17, an Early Tender Premium of $30.00 and a Total Consideration of $1002.17, each per $1,000 principal amount. Accrued and unpaid interest will be paid separately.

Source · Based on the filing body and exhibits

Tender Deadline and Expected Settlement Dates

The company said the Early Tender Time is 5 p.m. New York City time on February 22, 2024, the tender offer expires at 5 p.m. on March 8, and settlement is expected on or about February 23, with a final settlement on March 11.

Source · Based on the filing body and exhibits

Completion Conditions and New Notes Financing

The company said completion of the tender offer is subject to market and other conditions, including Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. arranging new debt financing on terms satisfactory to them and receiving the net proceeds from it.

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

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