Latham Represents Wynn Resorts in Add-On US$400 Million Senior Notes Offering and Tender Offer

Wynn Resorts, Limited (NASDAQ:WYNN) has closed its previously announced offering by Wynn Resorts Finance, LLC and its subsidiary Wynn Resorts Capital Corp., each an indirect wholly owned subsidiary of Wynn Resorts, Limited, of US$400 million aggregate principal amount of additional 7.125% Senior Notes due 2031 in a private offering. Wynn Resorts Finance plans to use the net proceeds from the offering, together with cash on hand, (i) to repurchase a portion of Wynn Las Vegas and Wynn Las Vegas Capital Corp.’s outstanding 5.500% Senior Notes due 2025 that are validly tendered and accepted for payment pursuant to Wynn Las Vegas’ tender offer, (ii) to pay related fees and expenses, and (iii) the remainder, if any, for general corporate purposes.

Latham & Watkins LLP represented Wynn Resorts in the transaction with a corporate team led by San Diego partner Brett Rosenblatt and New York partner Senet Bischoff, with associates Katie Lovejoy, Robyn Sablove, Amy Dau, and Emilie Cullen. Advice was also provided on tax matters by Chicago partner Rene de Vera.