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Wynn Resorts plans $900M notes to redeem 2027 debt

Wynn Resorts, Limited (WYNN) announced that indirect subsidiaries Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. plan a private offering of $900 million aggregate principal amount of Senior Notes due 2035.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Wynn Resorts, Limited (WYNN) announced that indirect subsidiaries Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. plan a private offering of $900 million aggregate principal amount of Senior Notes due 2035. The Notes will be senior unsecured obligations, initially guaranteed by Wynn Resorts Finance’s domestic subsidiaries that guarantee its existing senior secured credit facilities and certain outstanding senior notes.

Wynn Resorts Finance expects to contribute or lend the net proceeds, together with cash on hand, to Wynn Las Vegas, LLC. Wynn Las Vegas intends to use these funds to redeem in full the 5.250% Senior Notes due 2027 of Wynn Las Vegas and Wynn Las Vegas Capital Corp. and to pay related fees and expenses. The offering is being made under exemptions from registration, including offers to qualified institutional buyers under Rule 144A and to certain non‑U.S. persons under Regulation S, and the Notes will not be registered under the Securities Act.

Positive

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Filing Explained

The $900 million notes remain a proposed refinancing; closing must occur before Wynn Las Vegas can redeem the 2027 notes.

As a Form 8-K reporting a material event, the September 10, 2026 filing describes a proposed $900 million offering of 2035 senior notes; if completed, it would add senior unsecured debt while funding retirement of Wynn Las Vegas’s 2027 notes.

The release calls the notes an offering, but also says consummation is uncertain and that redemption would occur only on or after closing. The current disclosure is therefore a proposed financing, not completed debt issuance or repayment.

The notes and specified guarantees would rank equally with other unsubordinated liabilities of the issuers and guarantors, but would be effectively subordinated to secured debt to the extent of its collateral.

The key resolution is whether the offering closes and, after that, whether Wynn Las Vegas completes the planned full redemption of the 2027 notes; the filing says it is not itself a redemption notice.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
New Senior Notes principal amount $900,000,000 Aggregate principal amount of Wynn Resorts Finance Senior Notes due 2035 to be offered in a private placement
Maturity of new Senior Notes 2035 Stated maturity year of the new Wynn Resorts Finance Senior Notes
Coupon on 2027 WLV Notes 5.250% Interest rate on Wynn Las Vegas and Wynn Las Vegas Capital Corp. Senior Notes due 2027 to be redeemed
Coupon on 2029 WRF Notes 5.125% Interest rate on Wynn Resorts Finance 5.125% Senior Notes due 2029 referenced for ranking
Coupon on 2031 WRF Notes 7.125% Interest rate on Wynn Resorts Finance 7.125% Senior Notes due 2031 referenced for ranking
Coupon on 2033 WRF Notes 6.250% Interest rate on Wynn Resorts Finance 6.250% Senior Notes due 2033 referenced for ranking
Senior Notes financial
"are offering $900 million aggregate principal amount of Senior Notes due 2035"
Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.
Senior Credit Facilities financial
"subsidiaries that guarantee the Issuers’ existing senior secured credit facilities"
Senior credit facilities are loans or lines of credit that a company takes from banks or lenders and that have first claim on the company’s cash and assets if it runs into trouble. Think of them like a mortgage that gets paid before other bills; their size, interest rate, and terms affect how expensive and risky it is for a company to operate, which in turn influences investor returns and the likelihood of dilution or default.
Rule 144A regulatory
"qualified institutional buyers in reliance on Rule 144A under the Securities Act"
Rule 144A is a regulation that makes it easier for companies to sell private bonds to large investors without going through all the usual rules that apply to public sales. It matters because it helps companies raise money more quickly and privately, often attracting big investors looking for special deals.
Regulation S regulatory
"outside the United States to certain persons in reliance on Regulation S"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
senior unsecured obligations financial
"The Notes and guarantees will be senior unsecured obligations of the Issuers"
Senior unsecured obligations are loans or bonds that a company promises to pay back with its own money, but without any special guarantees or collateral. If the company runs into financial trouble, these debts are paid after other debts with priority, meaning they are less protected but still important. They matter because they show how risky it is to lend money to a company.

FAQ

What debt offering did WYNN announce in this Form 8-K?

Wynn Resorts’ subsidiaries Wynn Resorts Finance and Wynn Resorts Capital announced a private offering of $900 million aggregate principal amount of Senior Notes due 2035, to be issued as senior unsecured obligations with guarantees from certain domestic subsidiaries.

How does Wynn Resorts (WYNN) plan to use the $900 million notes proceeds?

Wynn Resorts Finance intends to contribute or lend the net proceeds, along with cash on hand, to Wynn Las Vegas, which plans to redeem in full the 5.250% Senior Notes due 2027 and pay fees and expenses tied to the new issuance and the redemption.

What is the maturity of the new Wynn Resorts Finance Senior Notes announced by WYNN?

The new Wynn Resorts Finance Senior Notes will be Senior Notes due 2035, meaning they are scheduled to mature in 2035, subject to the terms of the notes and any potential earlier redemption provisions described in the final offering documents.

How will the new WYNN notes rank relative to other Wynn Resorts Finance debt?

The new Notes and guarantees will be senior unsecured obligations, ranking equally with all existing and future unsubordinated liabilities, including obligations under the Senior Credit Facilities and the 2029, 2031 and 2033 Wynn Resorts Finance Senior Notes, and effectively subordinated to secured debt to the extent of collateral value.

Are the new WYNN Senior Notes being registered with the SEC?

No. The Senior Notes will not be registered under the Securities Act or state securities laws. They will be offered privately to qualified institutional buyers under Rule 144A and to certain non‑U.S. persons under Regulation S, relying on registration exemptions.

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Learn about SEC filing dates
0001174922false00011749222026-09-102026-09-10

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 10, 2026
 
WYNN RESORTS, LIMITED
(Exact name of registrant as specified in its charter)
 
Nevada000-5002846-0484987
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
3131 Las Vegas Boulevard South
Las Vegas, Nevada89109
(Address of principal executive offices)(Zip Code)
                                
(702) 770-7555
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.01WYNNNasdaq Global Select Market

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.




Item 8.01Other Events.
On September 10, 2026, Wynn Resorts, Limited (“Wynn Resorts”) announced that Wynn Resorts Finance, LLC (“Wynn Resorts Finance”) and its subsidiary, Wynn Resorts Capital Corp., each an indirect wholly-owned subsidiary of Wynn Resorts, plan to offer $900 million aggregate principal amount of Senior Notes due 2035 (the “Notes”). Wynn Resorts Finance intends to contribute and/or lend the net proceeds from this offering, together with cash on hand, to its subsidiary, Wynn Las Vegas, LLC (“Wynn Las Vegas”), who will use the amounts to (i) redeem in full Wynn Las Vegas and Wynn Las Vegas Capital Corp.’s outstanding 5.250% Senior Notes due 2027 (the "2027 WLV Notes") and (ii) pay fees and expenses related to the issuance of the Notes and the redemption of the 2027 WLV Notes. A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.

This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale of the Notes or any other security in any jurisdiction in which such offering, solicitation or sale would be unlawful. The Notes being offered in the offering will not be and have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act.

Forward-Looking Statements

This Report, including Exhibit 99.1, contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon management’s current expectations, beliefs, assumptions and estimates, and on information currently available to us, all of which are subject to change, and are not guarantees of timing, future results or performance. These forward-looking statements involve certain risks and uncertainties and other factors that could cause actual results to differ materially from those indicated in such forward-looking statements, as discussed further in the attached press release.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
Exhibit No.Description
99.1
Press release, dated September 10, 2026, of Wynn Resorts, Limited.
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
WYNN RESORTS, LIMITED
Dated:
September 10, 2026
By:/s/ Craig J. Fullalove
Craig J. Fullalove
Chief Financial Officer
(Principal Financial and Accounting Officer)



Wynn Resorts Announces Private Offering of $900 Million of Wynn Resorts Finance Senior Notes due 2035

LAS VEGAS, September 10, 2026 /PRNewswire/ -- Wynn Resorts, Limited (NASDAQ: WYNN) (“Wynn Resorts”) announced today that Wynn Resorts Finance, LLC (“Wynn Resorts Finance”) and its subsidiary Wynn Resorts Capital Corp. (“Wynn Resorts Capital” and, together with Wynn Resorts Finance, the “Issuers”), each an indirect wholly-owned subsidiary of Wynn Resorts, are offering $900 million aggregate principal amount of Senior Notes due 2035 (the “Notes”) in a private offering.

The Notes will initially be jointly and severally guaranteed by all of Wynn Resorts Finance’s domestic subsidiaries (collectively, the “Guarantors”) that guarantee the Issuers’ existing senior secured credit facilities (the “Senior Credit Facilities”), except Wynn Resorts Capital, which is the co-issuer of the Notes, the Issuers’ 5.125% Senior Notes due 2029 (the “2029 WRF Notes”), the Issuers’ 7.125% Senior Notes due 2031 (the “2031 WRF Notes”) and the Issuers’ 6.250% Senior Notes due 2033 (the “2033 WRF Notes”). The Notes and guarantees will be senior unsecured obligations of the Issuers and the Guarantors and will rank equal in right of payment with all existing and future liabilities of the Issuers and such Guarantors that are not subordinated, including their obligations under the Senior Credit Facilities, the 2029 WRF Notes, the 2031 WRF Notes and the 2033 WRF Notes, and, with respect to Wynn Las Vegas, LLC (“Wynn Las Vegas”) and certain of its subsidiaries, their obligations under Wynn Las Vegas and Wynn Las Vegas Capital Corp.’s 5.250% Senior Notes due 2027 (the “2027 WLV Notes”). The Notes and guarantees will be effectively subordinated to all of the Issuers’ and the Guarantors’ existing and future secured debt (to the extent of the value of the collateral securing such debt), including the Senior Credit Facilities and, until the 2027 WLV Notes are redeemed using the proceeds of this offering, the 2027 WLV Notes.

Wynn Resorts Finance plans to contribute and/or lend the net proceeds from the offering, together with cash on hand, to its subsidiary, Wynn Las Vegas, who will use the amounts to (i) redeem in full the 2027 WLV Notes and (ii) pay fees and expenses related to the issuance of the Notes and the redemption of the 2027 WLV Notes.

The Issuers 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 persons reasonably believed to be 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 Issuers 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.

Wynn Las Vegas intends to redeem all of the outstanding 2027 WLV Notes on or after the closing of this offering. This press release does not constitute a notice of redemption or an offer to purchase or the solicitation of an offer to sell such notes.

Forward-Looking Statements

This release contains forward-looking statements, including those related to the offering of Notes and whether or not the Issuers will consummate the offering. Such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those we express in these forward-looking statements, including, but not limited to, reductions in discretionary consumer spending, adverse macroeconomic conditions and their impact on levels of disposable consumer income and wealth, changes in interest rates, inflation, a decline in general economic activity or recession in the U.S. and/or global economies, extensive regulation of our business, pending or future legal proceedings, ability to maintain gaming licenses and concessions, dependence on key employees, geopolitical conflicts, adverse tourism trends, travel disruptions caused by events outside of our control, dependence on a limited number of resorts, competition in the casino/hotel and resort industries, uncertainties over the development and success of new gaming and resort properties, construction and regulatory



risks associated with current and future projects (including Wynn Al Marjan Island), cybersecurity risk and our leverage and ability to meet our debt service obligations. Additional information concerning potential factors that could affect Wynn Resorts’ financial results is included in Wynn Resorts’ Annual Report on Form 10-K for the year ended December 31, 2025, as supplemented by Wynn Resorts’ other periodic reports filed with the Securities and Exchange Commission from time to time. Neither Wynn Resorts nor the Issuers are under any obligation to (and expressly disclaim any such obligation to) update or revise their forward-looking statements as a result of new information, future events or otherwise, except as required by law.

SOURCE:
Wynn Resorts, Limited

CONTACT:
Lauren Seiler
702-770-7555
investorrelations@wynnresorts.com

Filing Exhibits & Attachments

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