Wynn Resorts Announces Common Stock Offering
SEPTEMBER 28, 2007. Wynn Resorts, Limited (Nasdaq:WYNN) announced today that it has priced a public offering of 3,750,000 newly issued shares of its common stock at a price to the public of $158 per share. The offering is expected to close on October 3, 2007, subject to the satisfaction of customary closing conditions. In connection with the offering, Wynn Resorts has granted to Deutsche Bank Securities Inc., who is acting as sole book running manager and underwriter for the offering, an option to purchase up to an additional 562,500 shares of common stock solely to cover over-allotments, if any. Wynn Resorts intends to use the proceeds for general corporate purposes and to enhance the company's financial flexibility for future projects and potential new developments.
An automatic shelf registration statement relating to the common stock was previously filed with the Securities and Exchange Commission and became effective upon such filing. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the common stock nor shall there be any sale of these shares of common stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering of these shares is being made only by means of a prospectus supplement and related prospectus. A copy of the prospectus relating to the shares may be obtained by contacting Deutsche Bank Securities Inc. by mail, Attn: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311, by telephone at (800) 503-4611 or by email: [email protected].
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