Wynn Resorts Limited

09/16/2024 | Press release | Distributed by Public on 09/16/2024 15:21

Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement.
On September 16, 2024, Wynn Resorts, Limited (the "Company") announced that Wynn Resorts Finance, LLC ("WRF"), an indirect wholly owned subsidiary of the Company, and certain of its subsidiaries entered into an amendment (the "Credit Agreement Amendment") to the credit agreement dated as of September 20, 2019, as amended by Amendment No. 1, dated as of April 10, 2020, Amendment No. 2, dated as of November 27, 2020 and Amendment No. 3 dated as of May 17, 2023 (as further amended, restated, amended and restated, replaced, supplemented, or otherwise modified prior to giving effect to the amendments contemplated by the Credit Agreement Amendment, the "Existing Credit Agreement" and, after giving effect to the amendments contemplated by this Amendment, the "Credit Agreement"), among Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and the lenders party thereto.
The Credit Agreement Amendment amends the Existing Credit Agreement to, among other things: (i) obtain $71.8 million in incremental extended term loans with a stated maturity date of September 20, 2027, the proceeds of which were used by the Borrower to refinance in full all outstanding Non-Extended Term A Facility Loans (as defined in the Existing Credit Agreement); and (ii) obtain $68.7 million in incremental extended revolving commitments with a stated maturity date of September 20, 2027, to replace in full all outstanding Non-Extended Revolving Commitments (as defined in the Existing Credit Agreement), which Non-Extended Revolving Commitments were terminated.
The foregoing description of the Credit Agreement Amendment is qualified in its entirety by reference to the full text of the Credit Agreement Amendment and Exhibit A thereto, which are filed herewith as Exhibits 10.1 and 10.1.1 and incorporated herein by this reference.