Wynn Resorts issues $900M senior notes to refinance 2027 debt and cover related costs

Wynn Resorts announced a private offering of $900 million in senior notes due 2035 through its subsidiaries. The proceeds will be used to redeem existing 2027 senior notes and pay issuance and redemption fees. These new notes will be senior unsecured obligations, ranking equally with existing debt but subordinated to secured debt. The offering targets qualified institutional buyers and is exempt from registration under the Securities Act. Wynn Resorts plans to use the funds to improve its debt maturity profile and manage financing costs.