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Wynn Resorts units extend consent solicitation for 2023 notes

Wynn Resorts Ltd. said Feb. 28 that two of its indirect wholly owned subsidiaries extended their previously announced consent solicitation to March 6 from Feb. 27.

Wynn Las Vegas LLC and Wynn Las Vegas Capital Corp. started soliciting consent Feb. 16 from holders of its 4.25% senior notes due 2023 to a proposed amendment to their terms.

The units also increased the total cash payment for noteholders who validly tender their securities before the expiration date to $12.5 million from $10.0 million. Consenting holders will also receive an additional contingent payment equal to 5% of the aggregate principal amount of notes.

Deutsche Bank Securities Inc. acts as the solicitation agent, while D.F. King & Co. Inc. is the information and tabulation agent in the transaction.