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Get filing alertsWynn Resorts issues $900M of 6.875% notes due 2035 to redeem 5.250% notes due 2027
Filed September 22, 2026 · Period ending September 22, 2026 · ~1 min read
Key Changes
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Wynn Resorts Finance and Wynn Resorts Capital issued $900 million of 6.875% senior notes due 2035.
Item 1.01 verify on EDGAR → -
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Proceeds will fully redeem the outstanding 5.250% senior notes due 2027, extending debt maturity.
Item 1.01 verify on EDGAR → -
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Interest is payable semi-annually on March 15 and September 15, beginning March 15, 2027.
Item 1.01 verify on EDGAR → -
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Notes are redeemable before September 15, 2029 at par plus a make-whole premium.
Item 1.01 verify on EDGAR → -
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Upon a change of control, noteholders can require repurchase at 101% of principal.
Item 1.01 verify on EDGAR →
Summary
Wynn Resorts' subsidiaries issued $900 million of 6.875% senior notes due 2035. The proceeds, along with cash on hand, will be used to redeem in full the existing 5.250% senior notes due 2027. This refinancing extends the company's debt maturity profile by eight years, though at a higher interest rate.
The new notes carry standard terms, including semi-annual interest payments and a make-whole redemption provision before September 2029. For retail holders, the key takeaway is that Wynn is proactively managing its debt stack, replacing near-term maturities with longer-dated obligations. The higher coupon reflects current market conditions, but the extension provides financial flexibility.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
will be used to (i) redeem in full Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp.’s outstanding 5.250% Senior Notes due 2027
The net proceeds, together with cash on hand, will fully redeem the existing 5.250% senior notes due 2027. This refinancing extends the company's debt maturity profile.
Added in current filing · verify on EDGAR →
Interest is payable in cash semi-annually on March 15 and September 15 of each year, beginning on March 15, 2027.
The new notes pay interest semi-annually, with the first payment due March 15, 2027. This is standard for corporate bond issuances.
Added in current filing · verify on EDGAR →
prior to September 15, 2029 at a redemption price equal to 100% of the aggregate principal amount of the Notes to be redeemed, plus a “make-whole” amount
The notes can be redeemed before September 15, 2029 at par plus a make-whole premium. After that date, redemption is at specified prices, giving the company flexibility to refinance if rates fall.
Added in current filing · verify on EDGAR →
the Issuers must offer to repurchase the Notes at a repurchase price equal to 101% of the aggregate principal amount thereof
If a change of control triggering event occurs, noteholders can require the company to repurchase the notes at 101% of principal. This protects investors in the event of a takeover.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 23, 2026 · How we verify