Wynn Resorts units aim to align 4¼% notes due 2023 with other issues

By Susanna Moon

Chicago, March 15 – Wynn Resorts, Ltd. said indirect wholly owned subsidiaries Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. are soliciting consents from a majority of holders to amend their $500 million of 4¼% senior notes due 2023.

The consent solicitation will end at 5 p.m. ET on March 20.

The proposed amendment would conform the definition of change of control relating to ownership of equity interests in the company to those of the issuers’ other outstanding notes, according to a company announcement.

Holders who give their consents will share in the aggregate cash payment of $25 million, which will be paid pro rata.

Deutsche Bank Securities Inc. (855 287-1922 and 212 250-7527) is the solicitation agent. D.F. King & Co., Inc. (866 356-7814) is the information and tabulation agent.

Wynn Resorts is a Las Vegas-based casino company.

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