Latham Represents Wynn Resorts in US$800 Million Senior Notes Offering
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$800 million aggregate principal amount of 6.250% senior notes due 2033 in a private offering. Wynn Resorts Finance used the net proceeds from the offering to redeem in full Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp.’s 5.500% senior notes due 2025, pay fees and expenses related to the redemption, and used the remainder of the net proceeds for general corporate purposes.
Latham & Watkins LLP represented Wynn Resorts in the offering 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 Rachel Moore. Advice was also provided on tax matters by New York partner Jiyeon Lee-Lim and Chicago partner Rene de Vera.