08:29 AM EDT, 09/10/2024 (MT Newswires) -- Wynn Resorts ( WYNN ) said Tuesday that its Finance and Capital units are offering $800 million in senior notes due 2033 in a private placement.

The company said the notes will be guaranteed by Wynn Resorts Finance's domestic subsidiaries, except for Wynn Resorts Capital, which is co-issuing the notes.

Net proceeds will partly be used to redeem Wynn Las Vegas' 5.500% senior notes due 2025 and cover related costs, with the remainder for general corporate purposes, which may include the $130 million forfeiture related to a recent non-prosecution agreement, Wynn Resorts ( WYNN ) said.

Wynn Resorts ( WYNN ) intends to redeem the outstanding 2025 notes following the closing of the offering, it added.

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