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Long-Term Debt (Tables)
6 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
Long-term debt consisted of the following (in thousands):
 
June 30,
2021
December 31,
2020
Macau Related:
Wynn Macau Credit Facilities (1):
Wynn Macau Term Loan, due 2022 (2)
$802,898 $1,268,106 
Wynn Macau Revolver, due 2022 (3)
457,290 407,443 
WML 4 7/8% Senior Notes, due 2024600,000 600,000 
WML 5 1/2% Senior Notes, due 20261,000,000 1,000,000 
WML 5 1/2% Senior Notes, due 2027750,000 750,000 
WML 5 5/8% Senior Notes, due 20281,350,000 1,350,000 
WML 5 1/8% Senior Notes, due 20291,000,000 1,000,000 
U.S. and Corporate Related:
WRF Credit Facilities (4):
WRF Term Loan, due 2024912,500 937,500 
WRF Revolver, due 2024— 716,000 
WLV 4 1/4% Senior Notes, due 2023500,000 500,000 
WLV 5 1/2% Senior Notes, due 20251,780,000 1,780,000 
WLV 5 1/4% Senior Notes, due 2027880,000 880,000 
WRF 7 3/4% Senior Notes, due 2025600,000 600,000 
WRF 5 1/8% Senior Notes, due 2029750,000 750,000 
Retail Term Loan, due 2025 (5)
615,000 615,000 
11,997,688 13,154,049 
Less: Unamortized debt issuance costs and original issue discounts and premium, net(76,775)(88,279)
11,920,913 13,065,770 
Less: Current portion of long-term debt(1,308,353)(596,408)
Total long-term debt, net of current portion$10,612,560 $12,469,362 
(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 $454.4 million and $348.5 million of the Wynn Macau Term Loan bears interest at a rate of LIBOR plus 2.25% per year and HIBOR plus 2.25% per year, respectively. As of June 30, 2021, the weighted average interest rate was approximately 2.35%. In January 2021, the Company prepaid $412.5 million of the Wynn Macau Term Loan.
(3) Approximately $260.2 million and $197.1 million of the Wynn Macau Revolver bears interest at a rate of LIBOR plus 2.25% per year and HIBOR plus 2.25% per year, respectively. As of June 30, 2021, the weighted average interest rate was approximately 2.34%. As of June 30, 2021, the available borrowing capacity under the Wynn Macau Revolver was $293.2 million.
(4) The WRF Credit Facilities bear interest at a rate of LIBOR plus 1.75% per year. As of June 30, 2021, the weighted average interest rate was approximately 1.86%. Additionally, as of June 30, 2021, the available borrowing capacity under the WRF Revolver was $834.2 million, net of $15.8 million in outstanding letters of credit.
(5) The Retail Term Loan bears interest at a rate of LIBOR plus 1.70% per year. As of June 30, 2021, the effective interest rate was 2.70%.