Wynn Resorts has announced a private offering of $600 million in 7.12 percent senior notes due in 2031.

The group notes that the pricing, carried out via its subsidiaries Wynn Resorts Capital and Wynn Resorts Finance, will be used to ‘to purchase any and all of the 2025 WRF Notes that are validly tendered and accepted for payment pursuant to the tender offer commenced by Wynn Resorts Finance on the date hereof’.

The proceeds will also go towards redeeming any 2025 notes that were outstanding and paying relevant fees.

Only ‘persons reasonably believed to be qualified institutional buyers’, according to the United States SEC guidelines will be eligible to purchase the notes.

The group now intends to repurchase or redeem all of the outstanding Wynn Las Vegas 4.25 percent senior notes due this year ‘with cash on hand on or after February 28, 2023’ – the date the notes would be 100 percent redeemable (including interest).

Wynn has recently announced that its Macau operations in January saw a stunning rebound, compared to the fourth quarter of 2022, with both mass and VIP seeing strong revenue upticks.