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WYNN RESORTS LTD 8-K filed 2026-09-11

Form 8-K filed 2026-09-11 by WYNN RESORTS LTD. Source: SEC EDGAR

Accession
0001174922-26-000066
Cik
1174922
Company name
WYNN RESORTS LTD
Date filed
2026-09-11
Form
8-K
Index url
https://www.sec.gov/Archives/edgar/data/1174922/000117492226000066/0001174922-26-000066-index.htm
Txt url
https://www.sec.gov/Archives/edgar/data/1174922/0001174922-26-000066.txt

Plain-English summary

Wynn Resorts, Limited (WYNN on Nasdaq) filed this Form 8-K on 2026-09-11 under Item 8.01, Other Events. It reports that on September 10, 2026, the company announced the pricing of $900 million aggregate principal amount of 6.875% Senior Notes due 2035. The issuers are Wynn Resorts Finance, LLC and its subsidiary Wynn Resorts Capital Corp., each an indirect wholly-owned subsidiary of Wynn Resorts. The filing attaches the related press release as Exhibit 99.1 and is signed by Craig J. Fullalove, Chief Financial Officer. The stated use of the money is a debt redemption at the Wynn Las Vegas level. Wynn Resorts Finance plans to contribute and/or lend the net proceeds, together with cash on hand, to its subsidiary Wynn Las Vegas, LLC. Wynn Las Vegas will use those amounts to redeem in full the 5.250% Senior Notes due 2027 issued by Wynn Las Vegas and Wynn Las Vegas Capital Corp., and to pay fees and expenses tied to the new issuance and the redemption. Wynn Las Vegas intends to redeem all of the outstanding 2027 notes on or after the closing of the offering. The release states that it is not itself a notice of redemption. The outstanding principal of the 2027 notes, the redemption price, the amount of cash on hand to be used, and the redemption date are not in the filing. The offering is private and the notes are not registered under the Securities Act. The initial purchasers will offer them only to persons reasonably believed to be qualified institutional buyers under Rule 144A, or to certain persons outside the United States under Regulation S. Closing is expected on or about September 22, 2026, subject to customary closing conditions. The names of the initial purchasers, the offering price, the guarantee and security terms, and the covenants are not in the filing excerpt. For analysts and journalists, the filing shows debt maturing in 2027 at Wynn Las Vegas being replaced by $900 million of notes due 2035 at Wynn Resorts Finance, carrying a coupon of 6.875% where the notes being retired carry 5.250%. Any effect on total leverage or annual interest expense is not in the filing.

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More: all 8-K filings, filings on 2026-09-11