The company said Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. issued $800 million in 6.250% Senior Notes due 2033 on September 20, 2024. The notes mature on March 15, 2033.

1. 01

   The company said Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. issued $800 million in 6.250% Senior Notes due 2033 on September 20, 2024. The notes mature on March 15, 2033.

2. 02

   Wynn Resorts said the net proceeds of the offering were used to fully redeem Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp.'s 5.500% Senior Notes due 2025, to pay fees and expenses related to the redemption, and for general corporate purposes.

3. 03

   The company said interest is payable in cash semi-annually on March 15 and September 15 each year, with the first payment due on March 15, 2025. It said the issuers may redeem the notes at any time before September 15, 2027 at 100% of the principal amount plus a make-whole amount and accrued and unpaid interest.

4. 04

   The company said that upon a change of control triggering event, the issuers must offer to repurchase the notes at 101% of the principal amount plus accrued and unpaid interest. It said that in the event of default, either the trustee or holders of at least 25% of the principal amount may declare the amounts due accelerated.

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Original filing

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