NasdaqGS:WYNNHospitality
Wynn Resorts (WYNN) Sells $900 Million In Notes, Is The 38% Discount Real?
Wynn Resorts (WYNN) has tapped the bond market with a US$900 million fixed income offering of senior unsecured 6.875% notes due 2035, a financing move that puts its capital structure in sharper focus for equity holders.
Recent trading has been weak, with Wynn Resorts' share price down 18.55% over the past month and 33.36% year to date. The 1 year total shareholder return has slipped 36.35%, suggesting momentum has faded even as this new bond deal reshapes perceptions of its balance sheet risk...