Wynn Resorts Announces Pricing of Private Offering of $500.0 Million Aggregate Principal Amount of Wynn Las Vegas 4.25% Senior

  Wynn Resorts Announces Pricing of Private Offering of $500.0 Million
  Aggregate Principal Amount of Wynn Las Vegas 4.25% Senior Notes Due 2023

Business Wire

LAS VEGAS -- May 15, 2013

Wynn Resorts, Limited (NASDAQ: WYNN) announced today the pricing by Wynn Las
Vegas, LLC and Wynn Las Vegas Capital Corp. (the “issuers”), each an indirect
wholly owned subsidiary of Wynn Resorts, Limited, of $500.0 million aggregate
principal amount of 4.25% Senior Notes due 2023 (the “Notes”). The Notes will
be issued at par. Wynn Las Vegas, LLC plans to use the net proceeds from the
offering to purchase any and all of the issuers’ outstanding $500.0 million
aggregate principal amount of 7⅞% First Mortgage Notes due 2017 (the “2017
notes”) pursuant to a cash tender offer and consent solicitation with respect
to the 2017 notes announced today. 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

The issuers will make the offering pursuant to an exemption under the
Securities Act of 1933, as amended (the “Securities Act”). The initial
purchasers of the Notes will offer the Notes only to qualified institutional
buyers in reliance on Rule 144A under the Securities Act or outside the United
States to certain persons in reliance on Regulation S under the Securities
Act. The Notes have not been and will not be registered under the Securities
Act or under any state securities laws. Therefore, the issuers may not offer
or sell the Notes within the United States to, or for the account or benefit
of, any United States person unless the offer or sale would qualify for a
registration exemption from the Securities Act and applicable state securities

This press release does not constitute an offer to sell or a solicitation of
an offer to buy the Notes described in this press release, nor shall there be
any sale of the Notes in any state or jurisdiction in which such an offer,
sale or solicitation would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.

Forward-Looking Statements

This release contains forward-looking statements, including those related to
the offering of Notes and whether or not the issuers will consummate the
offering. Forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the
future and, accordingly, such results may differ from those expressed in any
forward-looking statements. These risks and uncertainties include, but are not
limited to, competition in the casino/hotel and resorts industries, the
issuers’ dependence on existing management, levels of travel, leisure and
casino spending, general domestic or international economic conditions, and
changes in gaming laws or regulations. Additional information concerning
potential factors that could affect the issuers’ financial results is included
in Wynn Las Vegas, LLC’s Annual Report on Form 10-K for the year ended
December 31, 2012 and Quarterly Report on Form 10-Q for the fiscal quarter
ended March 31, 2013 and Wynn Las Vegas, LLC’s and Wynn Resorts, Limited’s
other periodic reports filed with the Securities and Exchange Commission.
Neither Wynn Resorts, Limited nor the issuers are under any obligation to (and
expressly disclaim any such obligation to) update their forward-looking
statements as a result of new information, future events or otherwise, except
as required by law.


Wynn Resorts, Limited
Matt Maddox, Chief Financial Officer & Treasurer
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