Wynn Resorts launches USD 900 million senior notes offering due 2035
WYNN•Wynn Resorts launches senior notes offering
Wynn Resorts launched a private offering of USD 900 million Senior Notes due 2035 via units Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp.
Net proceeds, combined with cash on hand, are earmarked for Wynn Las Vegas to redeem its 5.250% Senior Notes due 2027.
The notes are structured as senior unsecured obligations, guaranteed by domestic subsidiaries that back the group’s senior credit facilities.
The debt ranks pari passu with existing unsecured liabilities, including Wynn Resorts Finance notes due 2029, 2031 and 2033.
The offering is targeted to qualified institutional buyers under Rule 144A or offshore investors under Regulation S.
