Ameristar Casinos borrows $30 million under revolver

By Sara Rosenberg

New York, Nov. 10 - Ameristar Casinos Inc. drew down $30 million under its revolving credit facility during the month of October, according to a 10-Q filed with the Securities and Exchange Commission on Monday.

Currently, the company's credit facility permits the incurrence of $500 million of subordinated notes, if leverage ratios are maintained.

The company said that it is monitoring credit markets and plans to adjust the composition of its senior and subordinated debt to provide greater credit flexibility when the markets improve.

Ameristar is a Las Vegas-based gaming and entertainment company.

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