Wynn Las Vegas buys back $14 million of loans and reduces commitment

By Sara Rosenberg

New York, Oct. 9 - Wynn Las Vegas LLC repurchased $14 million of loans under its credit facility and reduced the commitments by the corresponding amount, according to an 8-K filed with the Securities and Exchange Commission on Friday.

The repurchase was made on Thursday and was funded with a capital contribution by Wynn Resorts.

In addition, the company has agreed to repurchase another roughly $74 million of loans and reduce the commitments by the same amount.

Funds for this repurchase will also come from a capital contribution by Wynn Resorts.

Wynn is a Las Vegas-based casino company.

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