Hotels, Restaurants and Leisure
Company Overview of Wynn Las Vegas, LLC
Wynn Las Vegas, LLC develops, owns, and operates destination casino resorts. It operates Wynn Las Vegas and Encore at Wynn Las Vegas destination casino resorts in Las Vegas, Nevada. The company was founded in 2001 and is based in Las Vegas, Nevada. Wynn Las Vegas, LLC is a subsidiary of Wynn Resorts Holdings, LLC.
3131 Las Vegas Boulevard South
Las Vegas, NV 89109
Founded in 2001
Key Executives for Wynn Las Vegas, LLC
Principal Executive Officer and President
Director and President of Wynn International Marketing
Executive Vice President of Casino Operations & Marketing
Compensation as of Fiscal Year 2013.
Wynn Las Vegas, LLC Key Developments
Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. Announce Completion of Tender Offer and Consent Solicitation and Completion of Private Offering of 4.25% Senior Notes Due 2023
May 22 13
Wynn Resorts, Limited announced that Wynn Las Vegas, LLC, an indirect wholly owned subsidiary of Wynn Resorts, Limited, completed its previously announced cash tender offer for any and all of the 7 7/8% First Mortgage Notes due 2017 issued by Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. and a solicitation of consents to certain proposed amendments to the indenture governing the 2017 Notes. The tender offer and consent solicitation expired at May 21, 2013, and the issuers have received the requisite consents from holders of the 2017 notes in connection with the consent solicitation to amend the indenture. At the expiration time, valid tenders had been received with respect to approximately $274.7 million of the $500.0 million aggregate principal amount of 2017 notes outstanding. Wynn Las Vegas, LLC has accepted for payment all 2017 notes validly tendered prior to the expiration date.
Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. Offer $500 Million of Senior Notes Due 2023
May 15 13
Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. are offering $500 million of senior notes due 2023. Wynn Las Vegas LLC plans to use the proceeds to purchase any and all of the issuers outstanding $500 million First Mortgage Notes due 2017. In addition, Wynn Las Vegas, LLC intends to satisfy and discharge the indenture governing the 2017 Notes and use any remaining net proceeds from the offering to redeem any 2017 Notes not tendered.
Wynn Las Vegas, LLC Commences a Cash Tender Offer for Any and All of its Outstanding $500.0 Million Aggregate Principal Amount of 77/8% First Mortgage Notes Due 2017
May 15 13
Wynn Las Vegas, LLC has commenced a cash tender offer for any and all of its outstanding $500.0 million aggregate principal amount of 77/8% First Mortgage Notes due 2017 and a solicitation of consents to certain proposed amendments to the indenture governing the Notes. The proposed amendments would eliminate substantially all of the restrictive covenants as well as various events of default and other provisions. The Tender Offer and the Consent Solicitation are scheduled to expire at midnight, New York City time, in the evening of May 21, 2013 unless extended or earlier terminated. Holders who validly tender their Notes and deliver their consent to the proposed amendments to the Indenture prior to the Expiration Time will be eligible to receive $1,071.45 for each $1,000 principal amount of Notes. Holders may not tender their Notes pursuant to the Tender Offer without delivering consents or deliver consents without tendering their Notes. Tendered Notes may not be withdrawn and the related consents may not be revoked, except as may be required by applicable law. Completion of the Tender Offer is subject to certain market and other conditions, including the completion by Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corporation of an offering of senior notes on terms and conditions satisfactory to the issuers. Settlement of the Tender Offer will occur promptly after the Expiration Time, unless terminated.
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