Wynn Resorts aims to use new offering for tender offer on 2025 notes

Chicago, Feb. 8 – Wynn Resorts Ltd. mentioned an upcoming tender offer related to an add-on new notes offering in a press release on Thursday morning.

Subsidiary issuers Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. will contribute the proceeds from the add-on to subsidiary Wynn Las Vegas. Wynn Las Vegas with Wynn Las Vegas Capital Corp. will use the notes, possibly borrowings under a senior credit facility and cash on hand to repurchase up to $800 million of the 5½% senior notes due 2025.

Any remainder will be used for general corporate purposes.

The company may also make open-market purchases for the notes, privately negotiate for their repurchase or conduct additional tender offers.

The hotel and casino company is based in Las Vegas.

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