WYNN · 10-Q · 2026Q2 · Full report

Al Marjan Financing Commitments

WYNN RESORTS LTD · 2026-08-06 · Importance 66 · Surprise 48 · In source text

A subsidiary of Island 3 has access to a $2.4 billion delayed-draw secured term-loan facility to finance Wynn Al Marjan Island. Wynn Resorts is not a party to the facility agreement, but it and the government of Ras Al Khaimah provided a completion guarantee to secured parties as a condition for the facility’s availability. Wynn Resorts and certain Al Marjan Joint Venture partners also guaranteed funding shortfalls required to complete the district cooling plant serving Wynn Al Marjan Island. The company’s guarantees could require additional funding if project completion costs exceed available resources.

Key facts

• A subsidiary of Island 3 is party to a facility agreement which provides a $2.4 billion delayed draw secured term loan facility to finance the development of Wynn Al Marjan Island (the "Al Marjan Facility"). source
• The Company is not a party to the Al Marjan Facility agreement, but as a condition precedent to the Al Marjan Facility being made available to the Borrower, the Company and the government of Ras Al Khaimah entered into a completion guarantee agreement in favor of certain secured parties under the Al Marjan Facility agreement. source
• The Company and certain partners in the Al Marjan Joint Venture entered into a completion guarantee pursuant to which the Company may be required to fund shortfalls necessary to achieve practical completion of a district cooling plant serving Wynn Al Marjan Island. source
• Wynn Resorts, Limited expects to use cash held by Wynn Resorts, Limited to make required capital contributions to the Al Marjan Joint Venture. source

Impact estimates