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Prospect News home > News index > List of issuers Tenders > Headlines for 2012 > News item
Published on 5/11/2012 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

American Casino continues to redeem its 11% senior notes due 2014

By Tali David

Minneapolis, May 11 - American Casino & Entertainment Properties LLC intends to retire or repurchase its 11% senior secured notes due June 15, 2014 from time to time, according to a 10-Q filed with the Securities and Exchange Commission.

On April 30, American Casino redeemed 5% of the notes at 102 plus accrued interest for a total of $19,873,000.

On May 31, the company redeemed another 5% of the notes at 102 plus accrued interest for a total of $20,051,000.

The casino company is based in Las Vegas.


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