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Article: Wynn Resorts and Wynn Las Vegas Announce Effectiveness of Registrations of Initial Public Offering and Second Mortgage Note Offering.
- Article from:
- Business Wire
- Article date:
- October 25, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
LAS VEGAS--(BUSINESS WIRE)--Oct. 25, 2002
Wynn Resorts, Limited and its wholly-owned subsidiary, Wynn Las Vegas, LLC, announced that registration statements relating to an initial public offering of common stock and Wynn Las Vegas' second mortgage note offering have been declared effective by the Securities and Exchange Commission. Wynn Resorts intends to offer 34,615,000 shares of common stock at a price range of $13-$14 per share. Wynn Las Vegas, LLC, a subsidiary of Wynn Resorts, intends to offer second mortgage notes due 2010 at a discount to par resulting in $340 million of proceeds.
Wynn Resorts and Wynn Las Vegas expect ...