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Published on 2/24/2014 in the Prospect News High Yield Daily.

Greektown Casino to price $425 million eight-year notes on Wednesday

By Paul A. Harris

Portland, Ore., Feb. 24 - Detroit-based Greektown Casino Hotel is expected to bring a $425 million offering of eight-year notes into the market on Wednesday, according to a market source.

The deal, via bookrunner Jefferies LLC, is coming with initial guidance of 8½% to 9%, the source added.

The notes come with three years of call protection.


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