Wynn Resorts Ltd. (WYNN) said that its units, Wynn Las Vegas LLC and Wynn Las Vegas Capital Corp., have priced $500 million of new 7.875% first mortgage notes due 2017. The notes will be issued at a discount of 97.823% of par.
Wynn Las Vegas LLC plans to use the net proceeds of the offering to repay amounts outstanding under its revolving credit facilities and term loan facility.
The notes will rank pari passu in right of payment with borrowings under Wynn Las Vegas LLC's credit facilities and its outstanding 6.625% first mortgage notes due 2014.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.