Wynn Resorts, Limited (NASDAQ: WYNN) announced that its indirect wholly-owned subsidiaries, Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp., are offering $900 million in aggregate principal amount of senior notes due 2035 in a private placement.

The notes will be senior unsecured obligations and will be jointly and severally guaranteed by Wynn Resorts Finance's domestic subsidiaries that guarantee the issuers' existing senior secured credit facilities. The notes will rank equally with existing and future unsecured liabilities, including the issuers' 5.125% Senior Notes due 2029, 7.125% Senior Notes due 2031, and 6.250% Senior Notes due 2033.

Wynn Resorts Finance plans to contribute and/or lend the net proceeds, together with cash on hand, to its subsidiary Wynn Las Vegas, LLC. Those funds will be used to redeem in full the outstanding 5.250% Senior Notes due 2027 issued by Wynn Las Vegas and Wynn Las Vegas Capital Corp., and to pay related fees and expenses.

The offering will be made under an exemption from registration pursuant to the Securities Act of 1933. The notes will be available only to qualified institutional buyers under Rule 144A or to certain persons outside the United States under Regulation S. The notes have not been and will not be registered under the Securities Act or applicable state securities laws.