Wynn Resorts Ltd is to buy back debt and reschedule some of its borrowings so they mature in 2023. Two wholly owned subsidiaries – Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp – are to issue US$500 million (four billion patacas) worth of senior notes bearing 4.25 percent interest on the aggregate principal amount. The notes will mature in 2023. The initial purchasers of the notes will only offer them to qualified institutional investors. With the proceeds, Wynn Las Vegas LLC will buy up currently outstanding mortgage notes bearing seven percent interest and due in 2017.