WYNN RESORTS LAUNCHES $900 MILLION IN BONDS TO REFINANCE ITS LAS VEGAS DEBT

Wynn Resorts has announced the pricing of a new $900 million senior private bond issuance through its indirect subsidiaries Wynn Resorts Finance and Wynn Resorts Capital.

The securities will offer an interest rate of 6.875% and will mature in 2035. The transaction is expected to close around September 22, 2026, provided that the usual conditions for this type of transaction are met.

Wynn Resorts Finance expects to contribute or lend the net proceeds from the issuance, together with cash on hand, to its subsidiary Wynn Las Vegas.

The proceeds will be used to fully amortize the senior bonds of Wynn Las Vegas and Wynn Las Vegas Capital with a coupon of 5.250% and maturity in 2027.

A portion of the funds will also be used to pay fees and expenses related to the new issuance and early cancellation of the 2027 bonds.

The transaction allows Wynn Resorts to replace debt close to maturity with financing with a considerably longer horizon, moving the principal maturity to 2035.

The issuance will be made under an exemption from registration provided for in the U.S. Securities Act of 1933.

Initial purchasers will offer the bonds only to institutional investors qualified under Rule 144A or, outside the United States, to certain investors under Regulation S.

The securities have not been and will not be registered under U.S. federal law or state securities laws. Therefore, they may not be offered or sold in the United States, or for the account or benefit of U.S. citizens, unless the transaction complies with one of the applicable registration exemptions.

Wynn Las Vegas plans to redeem all of the notes due in 2027 upon the closing of the new issuance. The communication released by the Company does not constitute an offer to sell, a solicitation to buy or a formal notice of redemption of such securities.