Wynn Resorts Announces Pricing of Private Offering of $750.0 Million Aggregate Principal Amount of Wynn Macau, Limited 5.25% ...
March 13 2014 - 6:25PM
Business Wire
Wynn Resorts, Limited (NASDAQ: WYNN) announced today the pricing
by Wynn Macau, Limited (the “Issuer”), a majority-owned subsidiary
of Wynn Resorts, Limited, of $750.0 million aggregate principal
amount of 5.25% Senior Notes due 2021 (the “Notes”). The Issuer
issued $600.0 million aggregate principal amount of 5.25% Senior
Notes due 2021 (the “Original Notes”) on October 16, 2013. The
Notes will constitute additional Notes under the indenture for the
Original Notes, will have the same terms and conditions as those of
the Original Notes, save for the issue date and the purchase price,
and will be consolidated and form a single series with the Original
Notes. The Notes will be issued at 100.75% of principal plus
accrued interest from and including October 16, 2013. Wynn Macau,
Limited plans to use the net proceeds from the offering for working
capital requirements and general corporate purposes.
The Issuer will make the offering pursuant to an exemption under
the Securities Act of 1933, as amended (the “Securities Act”). The
initial purchasers of the Notes will offer the Notes only to
qualified institutional buyers in reliance on Rule 144A under the
Securities Act or outside the United States to certain persons in
reliance on Regulation S under the Securities Act. The Notes have
not been and will not be registered under the Securities Act or
under any state securities laws. Therefore, the Issuer may not
offer or sell the Notes within the United States to, or for the
account or benefit of, any United States person unless the offer or
sale would qualify for a registration exemption from the Securities
Act and applicable state securities laws.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the Notes described in this press
release, nor shall there be any sale of the Notes in any state or
jurisdiction in which such an offer, sale or solicitation would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Forward-Looking Statements
This release contains forward-looking statements, including
those related to the offering of Notes and whether or not the
Issuer will consummate the offering. Forward-looking information
involves important risks and uncertainties that could significantly
affect anticipated results in the future and, accordingly, such
results may differ from those expressed in any forward-looking
statements. These risks and uncertainties include, but are not
limited to, competition in the casino/hotel and resorts industries,
the Issuer’s dependence on existing management, levels of travel,
leisure and casino spending, general domestic or international
economic conditions, and changes in gaming laws or regulations.
Additional information concerning potential factors that could
affect the Issuer’s financial results is included in Wynn Macau,
Limited’s annual report for the year ended December 31, 2012 and
interim report for the six months ended June 30, 2013 and its other
reports filed with the Stock Exchange of Hong Kong Limited, and
Wynn Resorts, Limited’s periodic reports filed with the Securities
and Exchange Commission. Neither Wynn Resorts, Limited nor the
Issuer is under any obligation to (and expressly disclaim any such
obligation to) update their forward-looking statements as a result
of new information, future events or otherwise, except as required
by law.
Wynn Resorts, LimitedLewis Fanger, 702-770-7555Vice
Presidentinvestorrelations@wynnresorts.com
Wynn Resorts (NASDAQ:WYNN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wynn Resorts (NASDAQ:WYNN)
Historical Stock Chart
From Apr 2023 to Apr 2024