Wynn Resorts Issues US$900 Million 6.875% Senior Notes to Redeem 2027 Debt

Wynn Resorts Ltd subsidiaries Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp have issued US$900 million aggregate principal amount of 6.875% Senior Notes due 2035. The notes mature on 15 March 2035. Interest is payable semi-annually on 15 March and 15 September.

Net proceeds together with cash on hand will redeem in full the 5.250% Senior Notes due 2027 issued by Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp, plus all associated fees and expenses. Issuers may redeem the new notes in whole or in part prior to 15 September 2029 at 100% of principal plus a make-whole amount and accrued unpaid interest. The reporting comes from Inside Asian Gaming.

Debt Refinancing Mechanics

The transaction replaces notes maturing in 2027 with obligations extending to 2035. This produces an immediate reduction in near-term debt repayment pressure and adjusts the company’s interest expense profile at the new 6.875% coupon. All terms, including the semi-annual payment schedule and optional redemption window, follow the filing disclosures exactly.

Support for UAE and Macau Projects

The issuance occurs while Wynn Resorts develops its US$5.7 billion Wynn Al Marjan Island integrated resort in the UAE, where construction costs rose by US$600 million. The company’s Macau subsidiary is simultaneously building a 432-key all-suite hotel at Wynn Palace with spending of up to US$950 million. The notes are seen as alleviating concerns over balance sheet capacity to continue these investments.

Reporting: Inside Asian Gaming

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