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Global Cash Access redeems 7¾% notes due 2021 with new issue proceeds
By Angela McDaniels
Tacoma, Wash., April 15 – Global Cash Access Holdings, Inc. subsidiary Global Cash Access, Inc. redeemed its 7¾% senior secured notes due 2021 in full on April 15, according to an 8-K filing with the Securities and Exchange Commission.
The redemption price was par plus accrued interest.
The company used the proceeds of $335 million of 7¼% senior secured notes due 2021 to fund the redemption. The new notes were issued to CPPIB Credit Investments III Inc. on April 15.
Global Cash Access is a Las Vegas-based provider of fully integrated cash access solutions and related services to the gaming industry.
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