LAS VEGAS--(BUSINESS WIRE)--Mar. 13, 2014--
Wynn Resorts, Limited (NASDAQ: WYNN) announced today the pricing by Wynn
Macau, Limited (the “Issuer”), a majority-owned subsidiary of Wynn
Resorts, Limited, of $750.0 million aggregate principal amount of 5.25%
Senior Notes due 2021 (the “Notes”). The Issuer issued $600.0 million
aggregate principal amount of 5.25% Senior Notes due 2021 (the “Original
Notes”) on October 16, 2013. The Notes will constitute additional Notes
under the indenture for the Original Notes, will have the same terms and
conditions as those of the Original Notes, save for the issue date and
the purchase price, and will be consolidated and form a single series
with the Original Notes. The Notes will be issued at 100.75% of
principal plus accrued interest from and including October 16, 2013.
Wynn Macau, Limited plans to use the net proceeds from the offering for
working capital requirements and general corporate purposes.
The Issuer 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 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 Issuer 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.
Forward-Looking Statements
This release contains forward-looking statements, including those
related to the offering of Notes and whether or not the Issuer will
consummate the offering. Forward-looking information involves important
risks and uncertainties that could significantly affect anticipated
results in the future and, accordingly, such results may differ from
those expressed in any forward-looking statements. These risks and
uncertainties include, but are not limited to, competition in the
casino/hotel and resorts industries, the Issuer’s dependence on existing
management, levels of travel, leisure and casino spending, general
domestic or international economic conditions, and changes in gaming
laws or regulations. Additional information concerning potential factors
that could affect the Issuer’s financial results is included in Wynn
Macau, Limited’s annual report for the year ended December 31, 2012 and
interim report for the six months ended June 30, 2013 and its other
reports filed with the Stock Exchange of Hong Kong Limited, and Wynn
Resorts, Limited’s periodic reports filed with the Securities and
Exchange Commission. Neither Wynn Resorts, Limited nor the Issuer is
under any obligation to (and expressly disclaim any such obligation to)
update their forward-looking statements as a result of new information,
future events or otherwise, except as required by law.
Source: Wynn Resorts, Limited
Wynn Resorts, Limited
Lewis Fanger, 702-770-7555
Vice President
investorrelations@wynnresorts.com
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