As part of the refinance, the revolver was increased from $600million to $900 million and the term loan was reduced from $400million to $225 million. The result is a net increase in the creditfacilities from $1 billion to $1.12 billion.
The refinance also reduces the Libor spread on the revolver andterm loans by 0.625% and 0.250%, respectively; and extends thematurity dates for the revolver and the term loan to 2011 and 2013,respectively.
Wynn Resorts Ltd's only operation casino is Wynn Las Vegas,which opened in April 2005 with 2,716 guest rooms, a 110,000-sfcasino, 22 food and beverage outlets, 76,000 sf of retail space and223,000 sf of meeting space. It costs about $2.2 million per day tooperate the facility.
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