Shuffle Master to buy back 1.25% convertibles

By Susanna Moon

Chicago, June 30 - Shuffle Master, Inc. said it plans to repurchase its 1.25% convertible senior notes due April 19, 2009, according to an S-1 filing with the Securities and Exchange Commission.

The buyback will be funded by proceeds from a stock offering, as well as a new term loan, borrowing under an existing revolving credit facility and cash on hand.

The issuer is a Las Vegas supplier of automatic card shufflers and special gaming tables.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.