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Wynn Las Vegas to price $1.75 billion 10-year bullet notes Wednesday
By Paul A. Harris
Portland, Ore., Feb. 10 – Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. plan to price a $1.75 billion offering of non-callable 10-year senior notes (expected ratings Ba2/BBB-) on Wednesday morning, according to an informed source.
The deal is scheduled to be rolled out during a late-morning investor conference call Tuesday.
Deutsche Bank Securities Inc. is the left bookrunner for the Rule 144A and Regulation S for life offer. BofA Merrill Lynch, Credit Agricole CIB, Fifth Third, Scotia Capital and SunTrust Robinson Humphrey are the joint bookrunners.
BOC, BNP Paribas, Morgan Stanley & Co., SMBC Nikko and UBS Investment Bank are the co-managers.
The Las Vegas-based company plans to use the proceeds to fund tenders for its 7¾% and 7 7/8% notes due 2020.
Wynn Las Vegas is a wholly owned subsidiary of Wynn Resorts, Ltd., a developer, owner and operator of destination casino resorts.
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