Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Wynn Resorts, Ltd. > News item |
Wynn amends, extends $2.3 billion term loan, $750 million revolver
By Susanna Moon
Chicago, Dec. 21 – Wynn Resorts Ltd.’s indirect subsidiary Wynn Resorts (Macau) SA amended its $2.3 billion equivalent senior secured term loan and $750 million equivalent senior secured revolving credit facility on Friday, according to an 8-K filing with the Securities and Exchange Commission.
Bank of China Ltd., Macau Branch is the main global coordinating lead arranger, and Bank of China Ltd., Macau Branch is the facilities agent, intercreditor agent and security agent.
The terms have been amended so that the term loan is repayable in graduating installments of between 2.875% to 4.5% of the principal amount on a quarterly basis beginning Sept. 30, 2020, with a final installment of 75% of principal amount repayable on June 26, 2022 or if June 26, 2022 is not a business day, the immediately preceding business day.
For the revolver, the final maturity is June 26, 2022 or the immediately preceding business day.
The term loan was previously repayable in graduating installments of between 2.5% to 7.33% of the principal amount on a quarterly basis beginning in December, with a final installment of 50% of the principal amount repayable in September 2021; and the final maturity of the revolver was previously September 2020.
Wynn Resorts is a Las Vegas-based developer, owner and operator of destination casino resorts.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.