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Wynn Resorts unit tenders for $900 million 5 3/8% first mortgage notes
By Susanna Moon
Chicago, May 4 – Wynn Resorts, Ltd. said indirect wholly owned subsidiary Wynn Las Vegas, LLC began a cash tender offer for its $900 million principal amount of 5 3/8% first mortgage notes due 2022.
The purchase price will be $1,029.35 for each $1,000 principal amount.
The tender offer will end at 5 p.m. ET on May 10. Tendered notes may be withdrawn before the end of the offer.
The tender is contingent on closing of new debt financing by Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp., according to a company announcement.
D.F. King & Co., Inc. (800 967-0271, 212 269-5550 or dfking.com/wynn) is the tender and information agent. Deutsche Bank Securities Inc. (855 287-1922 or 212 250-7527) is the dealer manager.
Wynn Resorts is a Las Vegas-based developer, owner and operator of destination casino resorts.
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