Wynn Resorts Receives Commitment Letter for Funding Promissory Note
March 09 2018 - 7:34PM
Business Wire
Wynn Resorts, Limited (NASDAQ:WYNN) announced today that it has
entered into a commitment letter with Deutsche Bank for a 364-day
term loan facility to the Company in an aggregate principal amount
of up to $800 million. If utilized, the Company intends to use the
net proceeds of this committed financing, and cash on hand, to
repay the promissory note that the Company previously issued to
Aruze USA, Inc.
Forward-Looking Statements
This release contains forward-looking statements, including
those related to the Company’s financing plans. 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 controversy related to Stephen A. Wynn and his
separation from the Company, dependence on key employees, 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 Company’s financial results is included in
the Company’s Annual Report on Form 10-K for the year ended
December 31, 2017 and the Company’s other periodic reports filed
with the Securities and Exchange Commission. Wynn Resorts, Limited
is not under any obligation to (and expressly disclaims any such
obligation to) update its forward-looking statements as a result of
new information, future events or otherwise, except as required by
law.
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version on businesswire.com: http://www.businesswire.com/news/home/20180309005846/en/
Wynn Resorts, LimitedCraig Billings, Chief Financial Officer
& Treasurer702-770-7000investorrelations@wynnresorts.com
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