Wynn Las Vegas credit amendment allows up to $500 million new debt

By Paul A. Harris

St. Louis, April 13 - Wynn Las Vegas LLC, a wholly owned subsidiary of Wynn Resorts Ltd., entered into a credit agreement amendment on Monday that permits the issuance of up to $500 million of senior unsecured debt, the company said in an 8-K filing with the Securities and Exchange Commission.

A company spokesperson told Prospect News on Friday that the Las Vegas gaming firm has yet to determine whether or not the debt will come in the form of bonds.

According to the filing, the debt will be issued to the extent permitted under the indenture relating to Wynn Las Vegas's first mortgage notes due 2014.

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