Wynn Las Vegas $1.1 billion 10-year notes talked in 6¾% area

By Paul A. Harris

St. Louis, Nov. 19 - Wynn Las Vegas LLC's $1.1 billion offering of 10-year senior first-mortgage notes (B2/B+) emerged with price talk in the 6¾% area Friday, according to a syndicate source.

Pricing is expected on Monday afternoon.

Deutsche Bank Securities, Banc of America Securities, Bear Stearns, JP Morgan and SG Corporate & Investment Banking are joint bookrunners for the Rule 144A offering.

Proceeds will be used to retire existing debt, including a tender for the company's 12% second mortgage notes due 2010, and to fund the expansion of the Wynn Las Vegas building project.

The prospective issuer is a Las Vegas-based entertainment, gaming and lodging company.

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