- Wynn Resorts ( NASDAQ: WYNN ) on Thursday announced the pricing of $600 million of its 7.125% senior notes due 2031 in a private offering.
- Pricing was carried out by Wynn Resorts Finance and its subsidiary Wynn Resorts Capital.
- Wynn Resorts Finance plans to use the net proceeds from the offering, together with cash on hand, to purchase any and all of the 2025 WRF Notes that are validly tendered and accepted for payment pursuant to the tender offer commenced by Wynn Resorts Finance on the date hereof.
- Wynn Resorts Finance also plans to redeem any 2025 WRF Notes that remain outstanding upon completion of the tender offer and and pay related fees and expenses.
- Wynn Resorts Finance’s subsidiary Wynn Las Vegas intends to repurchase or redeem all of the outstanding Wynn Las Vegas 4.25% Senior Notes due 2023 with cash on hand on or after February 28, 2023.
For further details see:
Wynn Resorts prices offering of $600M senior notes