Wynn Resorts (WYNN) Closes Offering Early
Even though Wynn Resorts (WYNN: 91.52 +1.34%) was not expecting to close its private offering until August 18, the casino operator has reached its $1.3 million goal.
Wynn Las Vegas and Wynn Las Vegas Capital Corp. have closed its offering on aggregated principal amounts of 7.75% first mortgage notes due 2020.
Note holders were offered an additional $30 consent payment if closed with Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc before August 3.
Wynn will use the proceeds to refinance existing debt.
During today’s trading session shares of Wynn Resorts rose 1.35% to close at $91.53. So far this month Wynn has hit a high of $92.44 on Thursday August 5, its highest stock price since the end of April.
Wynn traded at a low of $87.71on Tuesday August 3.