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Wynn Resorts prices $900M 2035 debt offering

Wynn Resorts, Limited (WYNN) reported that its indirect subsidiaries Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. have priced a $900 million private offering of 6.875% Senior Notes due 2035.

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Wynn Resorts, Limited (WYNN) reported that its indirect subsidiaries Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp. have priced a $900 million private offering of 6.875% Senior Notes due 2035.

The transaction is expected to close on or about September 22, 2026, subject to customary conditions. Wynn Resorts Finance plans to contribute and/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 its 5.250% Senior Notes due 2027 and pay related fees and expenses. The new Notes will be offered only to qualified institutional buyers under Rule 144A and to certain non‑U.S. persons under Regulation S, and will not be registered under the Securities Act of 1933.

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Filing Explained

The proposed refinancing extends debt to 2035 at a higher stated coupon, but closing and redemption remain pending.

The $900 million notes financing remains at the priced, pre-closing stage: the company says closing is expected on or about September 22, 2026, subject to customary conditions.

If it closes, the planned refinancing would retire the 5.250% notes due 2027 and put 6.875% notes due 2035 in their place, extending the stated maturity but raising the stated coupon.

The redemption is also conditional on closing and is not yet a redemption notice; the next specified milestone is completion of the notes offering.

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 6.875% Senior Notes due 2035
Coupon rate on new Senior Notes 6.875% Interest rate on Senior Notes due 2035
Maturity of new Senior Notes 2035 Stated maturity year of the new Senior Notes
Coupon on 2027 WLV Notes 5.250% Interest rate on Wynn Las Vegas Senior Notes due 2027 to be redeemed
Expected closing date September 22, 2026 Target closing date for the private offering, subject to conditions
Senior Notes financial
"pricing of $900 million aggregate principal amount of 6.875% 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.
private offering financial
"6.875% Senior Notes due 2035 (the “Notes”) in a private offering"
A private offering is the sale of securities—such as shares or bonds—directly to a limited group of investors rather than through public markets or a broad auction. It matters to investors because it changes who owns the company and how much cash the business has available, which can dilute existing shareholders, affect share liquidity and price discovery, and signal strategic moves or funding needs; think of it as selling a batch of goods to a few trusted customers instead of opening a shop to everyone.
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.
redemption financial
"Wynn Las Vegas intends to redeem all of the outstanding 2027 WLV Notes"
Redemption is when an issuer or holder settles a financial instrument by paying it off or returning it for cash, such as a bond being paid at maturity or a preferred share bought back by the company. It matters to investors because redemption changes when and how they get their money back, can cut off future income from the investment, and affects the issuer’s cash needs—think of it like a loan being paid off early or a store refunding a returned purchase.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did WYNN announce regarding new debt financing?

Wynn Resorts announced that Wynn Resorts Finance and Wynn Resorts Capital priced a $900 million private offering of 6.875% Senior Notes due 2035, with closing expected on or about September 22, 2026, subject to customary closing conditions.

How will Wynn Resorts use the proceeds from the new 6.875% Senior Notes due 2035?

Wynn Resorts Finance plans to contribute and/or lend the net proceeds from the offering, together with cash on hand, to Wynn Las Vegas, LLC, which intends to redeem in full the 5.250% Senior Notes due 2027 and pay related fees and expenses.

Are the new Wynn Resorts 2035 Senior Notes registered with the SEC?

No. The 6.875% Senior Notes due 2035 will be offered in a private offering and have not been and will not be registered under the Securities Act of 1933 or any state securities laws.

Who can buy the new WYNN 6.875% Senior Notes due 2035?

Initial purchasers will offer the Notes only to persons reasonably believed to be qualified institutional buyers under Rule 144A and to certain persons outside the United States in reliance on Regulation S under the Securities Act.

What existing Wynn Las Vegas debt will be affected by this new offering?

Wynn Las Vegas, LLC intends to redeem all outstanding 5.250% Senior Notes due 2027 on or after the closing of the new offering, using net proceeds from the 2035 Notes and cash on hand.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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 the pricing by Wynn Resorts Finance, LLC (“Wynn Resorts Finance”) and its subsidiary, Wynn Resorts Capital Corp., each an indirect wholly-owned subsidiary of Wynn Resorts, of $900 million aggregate principal amount of 6.875% Senior Notes due 2035 (the “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 Pricing of Private Offering of $900 Million of Wynn Resorts Finance 6.875% Senior Notes due 2035

LAS VEGAS, September 10, 2026 /PRNewswire/ -- Wynn Resorts, Limited (NASDAQ: WYNN) (“Wynn Resorts”) announced today the pricing by 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, of $900 million aggregate principal amount of 6.875% Senior Notes due 2035 (the “Notes”) in a private offering. The offering is expected to close on or about September 22, 2026, subject to customary closing conditions.

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, LLC (“Wynn Las Vegas”), who will use the amounts to (i) redeem in full Wynn Las Vegas and Wynn Las Vegas Capital Corp.’s 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.

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


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