WYNN · 10-Q · 2026Q3 · Full report
Al Marjan Financing Commitments
WYNN RESORTS LTD · 2026-11-05 · Importance 51 · 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 in favor of certain secured parties as a condition for the facility to become available.
Key facts
- A subsidiary of Island 3 has a $2.4 billion (or equivalent in local currency) delayed-draw secured term loan facility to finance Wynn Al Marjan Island; Wynn Resorts is not party to the facility but entered into a completion guarantee in favor of certain secured parties as a condition for availability. source
- Wynn Resorts estimates its remaining 40% pro-rata share of required equity for the Al Marjan development projects at $465 million to $590 million, inclusive of capitalized interest and fees. source
- During the nine months ended September 30, 2026, Wynn Resorts invested $257.8 million, including $210.4 million of cash contributions, in the Al Marjan Joint Venture. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -3.4% | Wynn Resorts estimates its remaining 40% pro-rata share of required equity for the Al Marjan development projects at $465 million to $590… |
| cash | negative | realized | -1.6% | During the nine months ended September 30, 2026, Wynn Resorts invested $257.8 million, including $210.4 million of cash contributions, in… |
| liability | negative | contingent | — | A subsidiary of Island 3 has a $2.4 billion (or equivalent in local currency) delayed-draw secured term loan facility to finance Wynn Al… |