WYNN · 10-Q · 2026Q3 · Full report
Senior Notes Refinancing
WYNN RESORTS LTD · 2026-11-05 · Importance null · Surprise 42 · In source text
In September 2026, WRF issued $900.0 million of 6 7/8% Senior Notes due 2035 and used the proceeds, together with cash on hand, to redeem the 2027 Wynn Las Vegas Senior Notes in full and pay financing and redemption costs. The redemption included $20.0 million of notes held by Wynn Resorts. The transactions reduced long-term debt obligations due in 2027 by $880.0 million and increased obligations due in 2035 by $900.0 million. Annual fixed payments are expected to decrease by $12.2 million in 2026, then increase by $39.3 million in 2027, $61.9 million in each of 2028–2030, and $278.4 million thereafter.
Key facts
- In September 2026, Wynn Resorts Finance issued $900.0 million of 6 7/8% Senior Notes due 2035 and used the proceeds and cash on hand to redeem in full the outstanding principal of Wynn Las Vegas 5 1/4% Senior Notes due 2027 and pay related fees and expenses. source
- Following the financing transactions, long-term debt obligations decreased by $880.0 million in 2027 and increased by $900.0 million in 2035; annual fixed payments are expected to decrease $12.2 million in 2026 and increase $39.3 million in 2027, $61.9 million in each of 2028, 2029, and 2030, and $278.4 million thereafter. source
- During the nine months ended September 30, 2026, Wynn Resorts repaid or repurchased $880.0 million of WLV 5 1/4% Senior Notes due 2027. source
- Wynn Resorts recorded a $5.4 million loss on debt financing transactions in the third quarter of 2026 related to redemption of its 2027 WLV Senior Notes. source
- The 2027 Wynn Las Vegas Senior Notes redemption included $20.0 million aggregate principal amount held by Wynn Resorts. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | -6.9% | In September 2026, Wynn Resorts Finance issued $900.0 million of 6 7/8% Senior Notes due 2035 and used the proceeds and cash on hand to… |
| cash | negative | realized | -6.7% | During the nine months ended September 30, 2026, Wynn Resorts repaid or repurchased $880.0 million of WLV 5 1/4% Senior Notes due 2027. |
| liability | positive | realized | +6.7% | During the nine months ended September 30, 2026, Wynn Resorts repaid or repurchased $880.0 million of WLV 5 1/4% Senior Notes due 2027. |
| cash | negative | committed | -1.8% | Following the financing transactions, long-term debt obligations decreased by $880.0 million in 2027 and increased by $900.0 million in… |
| cash | negative | committed | -0.3% | Following the financing transactions, long-term debt obligations decreased by $880.0 million in 2027 and increased by $900.0 million in… |
| cash | positive | committed | +0.1% | Following the financing transactions, long-term debt obligations decreased by $880.0 million in 2027 and increased by $900.0 million in… |