Sugarhouse Gaming to start roadshow Monday for $235 million eight-year secured notes

By Paul A. Harris

Portland, Ore., May 10 - Sugarhouse HSP Gaming Prop. Mezz. LP and Sugarhouse HSP Gaming Finance Corp., units of Sugarhouse Gaming, plan to start a roadshow on Monday for a $235 million offering of eight-year second-lien notes (B3/CCC), according to a market source.

The deal is expected to price on Thursday or Friday.

Goldman Sachs & Co., Wells Fargo Securities LLC, BofA Merrill Lynch and Fifth Third Securities Inc. are the joint bookrunners.

The Rule 144A for life notes come with three years of call protection.

The Philadelphia-based casino entertainment enterprise plans to use the proceeds to refinance its 8 5/8% senior secured notes due 2016, to fund capital expenditures and to redeem preferred shares.

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