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Wynn Resorts markets $750 million 10-year guaranteed senior notes
By Cristal Cody
Tupelo, Miss., Sept. 11 – Wynn Resorts Finance LLC and subsidiary Wynn Resorts Capital Corp. plan to price $750 million of new guaranteed senior notes due 2029 in a Rule 144A and Regulation S transaction, according to a news release on Wednesday.
The notes are being issued as part of a debt financing package that includes a new $1 billion first-lien term loan A facility and an $850 million new revolving first-lien credit facility.
The notes will be guaranteed by Wynn Resorts Finance’s domestic subsidiaries that guarantee its new senior secured credit facilities.
Proceeds will be used along with borrowings under the senior secured credit facilities to refinance existing credit facilities of Wynn Resorts and Wynn America, LLC.
The issuers are subsidiaries of Wynn Resorts, Ltd., a Las Vegas-based hotel and casino developer and operator.
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