Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt consisted of the following (in thousands): 

	March 31, 2020		December 31, 2019
Macau Related:
Wynn Macau Credit Facilities (1):
Wynn Macau Term Loan, due 2022 (2)	$	2,156,491	$	2,302,540
Wynn Macau Revolver, due 2022 (3)	676,711		350,232
WML 4 7/8% Senior Notes, due 2024	600,000		600,000
WML 5 1/2% Senior Notes, due 2027	750,000		750,000
WML 5 1/8% Senior Notes, due 2029	1,000,000		1,000,000
U.S. and Corporate Related:
WRF Credit Facilities (4):
WRF Term Loan, due 2024	975,000		987,500
WRF Revolver, due 2024	791,000		—
WLV 4 1/4% Senior Notes, due 2023	500,000		500,000
WLV 5 1/2% Senior Notes, due 2025	1,780,000		1,780,000
WLV 5 1/4% Senior Notes, due 2027	880,000		880,000
WRF 5 1/8% Senior Notes, due 2029	750,000		750,000
Retail Term Loan, due 2025 (5)	615,000		615,000
	11,474,202		10,515,272
Less: Unamortized debt issuance costs and original issue discounts and premium, net	(105,157)		(111,413)
	11,369,045		10,403,859
Less: Current portion of long-term debt	(235,997)		(323,876)
Total long-term debt, net of current portion	$	11,133,048	$	10,079,983

(1) The borrowings under the Wynn Macau Credit Facilities bear interest at LIBOR or HIBOR plus a margin of 1.50% to 2.25% per annum based on Wynn Resorts Macau S.A.’s leverage ratio.

(2) Approximately $1.22 billion and $936.6 million of the Wynn Macau Term Loan currently bears interest at a rate of LIBOR plus 1.75% per year and HIBOR plus 1.75% per year, respectively. As of March 31, 2020, the weighted average interest rate was approximately 3.20%.

(3) Approximately $384.8 million and $291.9 million of the Wynn Macau Revolver currently bears interest at a rate of LIBOR plus 1.75% per year and HIBOR plus 1.75% per year, respectively. As of March 31, 2020, the weighted average interest rate was approximately 2.71%. As of March 31, 2020, the available borrowing capacity under the Wynn Macau Revolver was $74.2 million. In April 2020, the Company drew an additional $50.0 million under the Wynn Macau Revolver.

(4) The WRF Credit Facilities bear interest at a rate of LIBOR plus 1.75% per year. As of March 31, 2020, the weighted average interest rate was approximately 2.68%. Additionally, as of March 31, 2020, the available borrowing capacity under the WRF Revolver was $40.9 million, net of $18.1 million in outstanding letters of credit. In April 2020, the Company drew an additional $25.0 million under the WRF Revolver.

(5) The Retail Term Loan bears interest at a rate of LIBOR plus 1.70% per year. As of March 31, 2020, the interest rate was 3.28%.