Wynn Las Vegas to redeem remaining $225.3 million 7 7/8% notes Nov. 1

By Marisa Wong

Madison, Wis., June 7 - Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. will redeem their $225,295,000 of outstanding 7 7/8% first mortgage notes due 2017 in full on Nov. 1, according to a notice.

The notes will be redeemed at 103.938 plus accrued interest to the redemption date.

Wynn Las Vegas recently completed a tender offer for its $500 million first mortgage notes. The company accepted for purchase $274.7 million of the notes, as reported by Prospect News.

Wynn Las Vegas is a wholly owned subsidiary of Wynn Resorts, Ltd., a Las Vegas-based developer, owner and operator of destination casino resorts.

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