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Wynn Resorts Limited (WYNN) |
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 WYNN $102.2300
$0.4400
0.43%
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 Volume (M):
276
Open :
102.46 52 Wk Avg :
98.94
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 WYNN $102.2300
$0.4400
0.43%
|
 Volume (M):
276
Open :
102.46 52 Wk Avg :
98.94
|
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WYNN Today's High:
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$102.87
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WYNN Shares One Week Perf:
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2.34 %
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WYNN Today's Low: |
$ 101.75 |
WYNN Shares 30 Day Performance: |
-0.61 % |
Number of WYNN Shares Traded (M): |
276 |
WYNN Share Price 52 Wk High: |
$ 117.86 |
Value of WYNN's Shares Traded (M$): |
$ 28,345 |
WYNN Share Price 52 Wk Avg: |
$98.94 |
Share Price at the Open: |
$102.46 |
WYNN's Share Price 52 Wk Low: |
$81.65 |
News about Wynn Resorts Limited's Stock Splits and Dividends |
LAS VEGAS - Wynn Resorts, Limited, a leading international developer and operator of luxury integrated resorts, has recently unveiled the final outcome of its highly anticipated tender offer. The offer, initiated by its subsidiary Wynn Las Vegas, LLC, aimed to acquire a significant portion of Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp.'s outstanding 5.500% Senior Notes due 2025. This strategic move reflects Wynn Resorts' commitment to enhancing its financial standing and further consolidating its position as a premier player in the global hospitality industry. Shareholders Reap Benefits and Incentives: The successful completion of the tender offer has ushered in a wave of optimism among Wynn Resorts' shareholders. With the terms and conditions set forth in the Off to Purchase dated February 8, 2024, Wynn Resorts has cultivated an attractive opportunity for its investors. By purchasing a portion of the outstanding Senior Notes due 2025, the company has streamlined its debt structure and paved the way for potential future growth.
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Wynn Resorts Announces Cash Tender Offer to Purchase Senior Notes LAS VEGAS - In a move to strategically manage its debt obligations, Wynn Resorts, Limited (NASDAQ:WYNN) has announced that its indirect wholly-owned subsidiary, Wynn Las Vegas, LLC, has commenced a cash tender offer to purchase a portion of its 5.500% Senior Notes due 2025. The Tender Offer, which will amount to up to $800 million, exclusive of any applicable premiums, is part of the company's efforts to optimize its capital structure and enhance financial flexibility. The Notes, issued by Wynn Las Vegas and Wynn Las Vegas Capital Corp., represent a significant portion of the Issuers' outstanding debt. By launching the Tender Offer, Wynn Resorts aims to reduce its debt burden and potentially lower its interest expenses in the long run. This strategic move could also improve the company's credit profile and strengthen its financial position, thereby enhancing investor confidence.
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