Wynn Resorts Prices $900 Million Notes Offering

MT newswire2026/09/11 08:18

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04:18 AM EDT, 09/11/2026 (MT Newswires) -- Wynn Resorts (WYNN) has priced a private offering of $900 million of its 6.875% senior notes due 2035, the company said late Thursday. Net proceeds from the offering, which is set to close around Sept. 22, will be used to redeem 5.25% senior notes due 2027.

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On Tuesday, LVMH's stock price fell by 2.6%, reducing its market value to 201 billion euros (approximately $232 billion), slightly below L'Oréal, and marking its exit from Europe's top ten companies for the first time since 2017. LVMH's share price has dropped 37% this year, returning to levels last seen when global stores were closed due to pandemic lockdowns. As luxury demand declines, several investment banks have downgraded LVMH’s rating.

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