Valid tenders of $506mln for Wynn Resorts’ $600mln in 2025 outstanding notes

Wynn Resorts has received approximately $506.4 million of the $600 million principal amount of senior notes due in 2025 after announcing a cash tender offer for the 7.75 percent notes issued by its subsidiary Wynn Resorts Finance.

The company accepted payment for all of the notes tendered prior to the expiration date of February 15^th, granting $1,024.5 for each of principal amount of $1,000 of the 2025 notes, alongside accrued and unpaid interest.
The $506.4 million in valid tenders comes after an announcement earlier this month that the group would be issuing a private offering of a further $600 million in 7.125 percent senior notes which come due in 2031.
The proceeds of the offering were meant to also help repurchase the 2025 notes and pay relevant fees.

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