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Wynn offers 7 7/8% first mortgage notes in exchange for 7 5/8% notes
New York, March 26 - Wynn Resorts, Ltd. said its subsidiaries Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. are planning to offer 7 7/8% first mortgage notes due 2020 in exchange for their existing 6 5/8% first mortgage notes due 2014.
The offer will be subject to at least $250 million of the existing notes being tendered.
Only qualified institutional buyers will be able to participate. The exchange is being carried out under Rule 144A and Regulation S.
Global Bondholder Services Corp. is information agent (866 470-3800 or call collect 212 925-1630).
No further details were publicly released.
Wynn is a Las Vegas-based casino company.
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