Financing ·
Wynn Resorts prices $900M of senior notes due 2035 to redeem 2027 debt
WYNNWynn Resorts Ltd
Wynn Resorts announced a private offering of $900 million in aggregate principal amount of Senior Notes due 2035. The net proceeds, combined with cash on hand, will be used to redeem in full the outstanding 5.250% Senior Notes due 2027 and pay related issuance fees and expenses. This refinancing activity involves Wynn Resorts Finance, LLC and its subsidiary Wynn Resorts Capital Corp., with guarantees from domestic subsidiaries. The company operates in the casino, hotel, and resort industry.