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Wynn Resorts logoWynn Resorts WYNN

The company said Wynn Macau, Limited (WML), an indirect subsidiary, completed the issuance of $1.0 billion in 6.750% senior notes due 2034 on August 18, 2025 (August 19 Hong Kong time).

8-KCompletion of Acquisition or Disposition of AssetsFiled Period of report Summary published (UTC)

Key points

AI summary

  1. The company said Wynn Macau, Limited (WML), an indirect subsidiary, completed the issuance of $1.0 billion in 6.750% senior notes due 2034 on August 18, 2025 (August 19 Hong Kong time).

  2. The company said it expects WML to receive net proceeds of about $989.0 million after deducting discounts, commissions and estimated expenses, and plans to use the proceeds for general corporate purposes, including repaying the WM Cayman II Revolver and existing WML senior notes.

  3. The company said WML may redeem the notes from August 15, 2028 at a premium that decreases annually from 103.375% to 100.000%, and must offer to repurchase the notes at 101% of principal upon a Change of Control.

  4. The company said the notes are WML's general unsecured obligations and are structurally subordinated to existing and future obligations of WML's subsidiaries, including the WM Cayman II Revolver. It also said listing on The Stock Exchange of Hong Kong is expected to take effect on or about August 20, 2025.

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 Macau, Limited completes $1.0 billion 6.750% senior notes offering

The company said Wynn Macau, Limited (WML), an indirect subsidiary, completed the issuance of $1.0 billion in 6.750% senior notes due 2034 on August 18, 2025 (August 19 Hong Kong time).

Source · Based on the filing body and exhibits

Net proceeds of about $989.0 million and use of proceeds

The company said it expects WML to receive net proceeds of about $989.0 million after deducting discounts, commissions and estimated expenses, and plans to use the proceeds for general corporate purposes, including repaying the WM Cayman II Revolver and existing WML senior notes.

Source · Based on the filing body and exhibits

Early redemption terms and change-of-control repurchase terms

The company said WML may redeem the notes from August 15, 2028 at a premium that decreases annually from 103.375% to 100.000%, and must offer to repurchase the notes at 101% of principal upon a Change of Control.

Source · Based on the filing body and exhibits

Ranking of notes and Hong Kong Stock Exchange listing application

The company said the notes are WML's general unsecured obligations and are structurally subordinated to existing and future obligations of WML's subsidiaries, including the WM Cayman II Revolver. It also said listing on The Stock Exchange of Hong Kong is expected to take effect on or about August 20, 2025.

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 ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.