New York, New York 4/1/2010 1:45:00 AM
News / Business

Wynn Resorts Limited (NASDAQ:WYNN) Subsidiaries Announce Private Placement Exchange Offer

Wynn Resorts Limited (NASDAQ:WYNN) has it’s subsidiaries, Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp have announced an exchange offer for it’s outstanding 6 5/8% First Mortgage Notes due 2014 for 7 7/8% First Mortgage Notes due 2010.  The offer is conditioned upon the tender of a minimum of $250 million aggregate principal amount of 2014 notes.  The offer is only available to qualified institutional buyers outside of the United States, pursuant to Rule 144A and Regulation S, under the Securities Act of 1933.

 

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Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts. It owns and operates two destination casino resorts Wynn Las Vegas, on the Strip in Las Vegas, Nevada, Encore at Wynn Las Vegas located adjacent to Wynn Las Vegas, and Wynn Macau, located in the Macau Special Administrative Region of the People’s Republic of China (Macau). The Company is also constructing Encore at Wynn Macau, an expansion of its Wynn Macau resort. The Company operates in two segments: Wynn Las Vegas, (which includes Encore at Wynn Las Vegas) and Wynn Macau.

 

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