Empire Resorts hires financial adviser for possible debt restructuring

By Caroline Salls

Pittsburgh, March 11 - Empire Resorts, Inc. has hired Merrill Lynch, Pierce, Fenner & Smith Inc. as its exclusive financial adviser in connection with a debt restructuring, according to an 8-K filed with the Securities and Exchange Commission.

The company said the restructuring could include a restructuring, reorganization or recapitalization affecting its existing or potential debt obligations or other claims, including its 5½% convertible senior notes and/or one or more series of its preferred stock.

The restructuring could also include any complete or partial repurchase, refinancing, exchange, extension or repayment of any of Empire's debt obligations and any public or private offering of any new debt obligations or claims or of the company's common stock.

Empire Resorts operates the Monticello Casino & Raceway and is based in Monticello, N.Y.

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