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Published on 11/9/2009 in the Prospect News Bank Loan Daily.

Wynn Las Vegas buys back $87.6 million of loans at a discount

By Sara Rosenberg

New York, Nov. 9 - Wynn Las Vegas LLC bought back $87.6 million of its loans for $84.4 million during October, according to a 10-Q filed with the Securities and Exchange Commission on Monday.

As a result of this transaction, the company's revolver has been permanently reduced by $43.8 million and its term loan has been permanently reduced by $44.8 million.

Wynn is a Las Vegas-based casino company.


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