Friday, March 16, 2018

Wynn Bondholders Poised to Benefit From Turmoil

Wynn Resorts acquiesced to bondholder demands, raising an offer to pay investors holding notes due in 2023 because it needs their consent to amend an unusual covenant in the bond that could hurt the company if founder Steve Wynn and his ex-wife, Elaine Wynn, reduce their ownership stakes.

from WSJ.com: US Business http://ift.tt/2IujA2J
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