UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
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PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): September 1, 2004
Wynn Resorts, Limited
(Exact Name of Registrant as Specified in its Charter)
Nevada 000-50028 46-0484987
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
3131 Las Vegas Boulevard South
Las Vegas, Nevada 89109
(Address of Principal Executive Offices) (Zip Code)
(702) 770-7555
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
|_| Written communication pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencements communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On September 1, 2004, Wynn Las Vegas, LLC, a subsidiary of the Registrant,
entered into an Acknowledgement and Agreement with General Electric Capital
Corporation, The CIT Group/Equipment Financing and Bank of America, N.A.,
Nevada Branch, as lenders, and Wells Fargo Bank, National Association, as
collateral agent, pursuant to which the lenders approved certain provisions of
the Fourth Amendment to Loan Agreement, dated as of July 21, 2004 (the "Fourth
Amendment"), among Wynn Las Vegas, LLC, as borrower, Wells Fargo Bank,
National Association, as collateral agent, and the following lenders: Societe
Generale, Bank of America, N.A., GMAC Commercial Mortgage Corporation, The CIT
Group/Equipment Financing, Inc., Ares VII CLO Ltd., Ares VII CLO Ltd., Ableco
Finance LLC, A3 Funding LP and A4 Funding LP. As part of such approval,
certain of the lenders agreed to make an additional $10.0 million available to
Wynn Las Vegas under its existing FF&E facility to be applied towards the
purchase price of a replacement corporate aircraft. As a result, the
conditions set forth in the Fourth Amendment relating to the draw of such
funds were satisfied, and on September 1, 2004 Wynn Las Vegas, LLC drew upon
this additional $10.0 million of availability to recoup a portion of the
purchase price of the Boeing business jet it purchased in June 2004.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit
Number Description
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10.1 Fourth Amendment to Loan Agreement, dated as of
July 21, 2004, among Wynn Las Vegas, LLC, Wells
Fargo Bank, National Association and the lenders
named therein.
10.2 Acknowledgement and Agreement, dated as of
September 1, 2004, among Wynn Las Vegas, LLC, Wells
Fargo Bank National Association and the lenders
named therein.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: September 8, 2004
Wynn Resorts, Limited
By: /s/ John Strzemp
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John Strzemp
Executive Vice President and
Chief Financial Officer
EXHIBIT INDEX
10.1 Fourth Amendment to Loan Agreement, dated as of
July 21, 2004, among Wynn Las Vegas, LLC, Wells
Fargo Bank, National Association and the lenders
named therein.
10.2 Acknowledgement and Agreement, dated as of
September 1, 2004, among Wynn Las Vegas, LLC, Wells
Fargo Bank National Association and the lenders
named therein.