Wynn Las Vegas solicits consents to amend first mortgage notes

New York, Jan. 19 - Wynne Resorts, Ltd. announced that its subsidiaries Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. have begun a consent solicitation to amend the indentures for their 7 7/8% first mortgage notes due 2017, 7 7/8% first mortgage notes due 2020 and 7¾% first mortgage notes due 2020.

The changes would modify provisions to be consistent with the terms that the issuers propose to include in future issuances of secured notes.

Wynn needs consents for a majority of each series of notes, excluding those notes held by affiliates of the issuers, in order to amend the indentures.

If the conditions are satisfied, the company will make a $1.25 consent payment per $1,000 principal amount of notes.

The solicitation ends at 5 p.m. ET on Jan. 26.

Deutsche Bank Securities Inc. is solicitation agent (800 553-2826 or call collect 212 250-4270). Global Bondholder Services Corp. is information agent (866 294-2200 or 212 430-3774). U.S. Bank NA is tabulation agent.

Wynn is a Las Vegas-based casino operator.

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