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Published on 2/10/2015 in the Prospect News High Yield Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Wynn Las Vegas tenders for all of 7¾%, 7 7/8% notes due 2020

New York, Feb. 10 – Wynn Resorts, Ltd. said that its subsidiary Wynn Las Vegas, LLC began a cash tender offer for all of its $1,226,600,000 principal amount of 7¾% first mortgage notes due 2020 and $377,010,000 of 7 7/8% first mortgage notes due 2020.

The company is offering $1,073.82 per $1,000 principal amount for the 7¾% notes and $1,054.21 per $1,000 principal amount for the 7 7/8% notes.

The offer ends at midnight ET on Feb. 17.

Tendered notes may not be withdrawn.

Completion of the tender is subject to conditions including that Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. sell new notes.

Deutsche Bank Securities Inc. (855 287-1922 or 212 250-7525) is dealer manager. D.F. King & Co., Inc. (800 591-8236, banks and brokers call 212 269-5550) is information agent.

Wynn Resorts is a Las Vegas-based gaming, entertainment and lodging company.


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