Fitch rates Wynn America loan BB+

Fitch Ratings said it has assigned a BB+ rating to Wynn America, LLC’s $1.25 billion senior secured credit facility consisting of a $375 million revolver due 2019 and an $875 million delayed draw term loan due 2020.

Fitch said it has also assigned a BB issuer default rating to Wynn America and affirmed the BB issuer default rating for Wynn Resorts, Ltd. and its subsidiaries, including Wynn Las Vegas LLC, Wynn Macau, Ltd. and Wynn Resorts (Macau), SA.

The outlook is stable.

Proceeds from the credit facility along with equity contributions will be used to fund the $1.6 billion Wynn Everett project in Massachusetts, the agency noted.

© 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.