Wynn Resorts subsidiaries amend $615.0 million Las Vegas term loan, extend maturity to 2027
Wynn Resorts' Borrowers, Wynn/CA Plaza Property Owner, LLC and Wynn/CA Property Owner, LLC, signed a third amendment on October 2, 2024 to their $615.0 million term loan secured by about 160,000 square feet of retail space at Wynn Las Vegas. The amendment extends maturity to July 24, 2027, sets a new rate of One Month Term SOFR plus 215 basis points, and adds annual loan-to-value and debt yield requirements. Because the borrowers are 50.1%-owned by Wynn Resorts, the terms affect the company's financing obligations, though the filing gives no income or cash-flow figures.
Key points
- Term loan principal of $615.0 million; $15.0 million prepaid under the amendment
- Maturity extended to July 24, 2027; rate is One Month Term SOFR plus 215 basis points
- Interest rate swap maturing February 2027 caps the variable rate at 3.385%
- Loan is secured by substantially all borrower assets; covenants include a mandatory excess cash sweep if loan-to-value is not met
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 03, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.