Feb 12, 2015 Newsdesk Industry Talk, Latest News, World  
Casino operator and developer Wynn Resorts Ltd has announced the pricing for a private offering of US$1.8-billion worth of senior notes. The notes bear interest of 5.5 percent and become due in 2025.
Net proceeds from the offering – by Wynn Resorts units Wynn Las Vegas LLC and Wynn Las Vegas Capital Corp – will be used by Wynn Las Vegas LLC to purchase any of the issuers’ outstanding 7.75 percent notes in the principal amount of approximately US$1.23 billion that are due in 2020; and any outstanding 7.875 percent notes in the principal amount of US$377.01 million due in 2020.
Any remaining net proceeds from the offering will be used to redeem any 7.75 percent notes and 7.875 percent notes not tendered. Any residual proceeds after that will be used for general corporate purposes, the parent company said in a filing on Wednesday to Nasdaq.
Feb 16, 2024
Sep 07, 2023
Apr 24, 2024
Apr 24, 2024
Apr 24, 2024
Gaming technology and content provider FBM has launched an online gaming platform in the Philippines, called FBM E-Motion. “FBM E-Motion promises to change the way local players interact with FBM...(Click here for more)
”[Las Vegas Sands] conservatively would like to reduce absolute debt levels at Sands China given debt raised during the pandemic”
Colin Mansfield and Connor Parks
Analysts at CBRE Capital Advisors