Wynn Resorts Files 8-K: Material Agreement & Exhibits

TL;DR

Wynn Resorts just filed an 8-K for a material agreement and exhibits. Big stuff happening.

AI Summary

On September 20, 2024, Wynn Resorts, Limited filed an 8-K report. The filing indicates an entry into a material definitive agreement and includes financial statements and exhibits. The company's principal executive offices are located at 3131 Las Vegas Boulevard South, Las Vegas, Nevada.

Why It Matters

This filing signals a significant contractual development for Wynn Resorts, potentially impacting its financial standing and operational agreements.

Risk Assessment

Risk Level: low — The filing is a standard disclosure of a material definitive agreement and exhibits, not indicating any immediate negative events.

Key Players & Entities

• Wynn Resorts, Limited (company) — Registrant
• September 20, 2024 (date) — Date of earliest event reported
• 3131 Las Vegas Boulevard South, Las Vegas, Nevada 89109 (location) — Address of principal executive offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 WYNN Nasdaq Global Select Market Chec
• $800 million — owned subsidiary of the Company, issued $800 million aggregate principal amount of 6.250% Se

Filing Documents

• wynn-20240920.htm (8-K) — 34KB
• ex41-indenturewynnxseptemb.htm (EX-4.1) — 982KB
• 0001174922-24-000141.txt ( ) — 1313KB
• wynn-20240920.xsd (EX-101.SCH) — 2KB
• wynn-20240920_lab.xml (EX-101.LAB) — 21KB
• wynn-20240920_pre.xml (EX-101.PRE) — 12KB
• wynn-20240920_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Indenture for 6.250% Senior Notes due 2033 On September 20, 2024, Wynn Resorts, Limited (the "Company") announced that Wynn Resorts Finance, LLC ("WRF") and its subsidiary, Wynn Resorts Capital Corp. ("Wynn Resorts Capital" and, together with WRF, the "Issuers"), each an indirect wholly-owned subsidiary of the Company, issued $800 million aggregate principal amount of 6.250% Senior Notes due 2033 (the "Notes"). The Notes were issued pursuant to an indenture (the "Indenture"), dated as of September 20, 2024, among the Issuers, the guarantors party thereto (the "Guarantors") and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"). The Notes were offered and sold in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended. The Notes will mature on March 15, 2033. Interest is payable in cash semi-annually on March 15 and September 15 of each year, beginning on March 15, 2025. The net proceeds of this offering were used to redeem in full Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp.'s outstanding 5.500% Senior Notes due 2025, to pay fees and expenses related to the redemption and for general corporate purposes. The Notes are jointly and severally guaranteed by all of WRF's domestic subsidiaries that guarantee the Issuers' existing senior secured credit facilities, except Wynn Resorts Capital, which is the co-issuer of the Notes, the Issuers' 5.125% senior notes due 2029 and the Issuers' 7.125% senior notes due 2031. The Issuers may redeem the Notes, in whole or in part, at any time or from time to time prior to September 15, 2027 at a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus a "make-whole" amount set forth in the Indenture, plus accrued and unpaid interest, if any, to, but not including, the redemption date. On or after September 15, 2027, the Issuers may redeem the Notes, in wh

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Indenture, dated September 20, 2024, among the Issuers, the Guarantors named therein and the Trustee 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

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 20, 2024 By: /s/ Julie Cameron-Doe Julie Cameron-Doe Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR