Eldorado Resorts to repay revolver, term loan debt with new notes

By Sarah Lizee

Olympia, Wash., Sept. 11 – Eldorado Resorts, Inc. plans to repay borrowings under its revolving credit facility using proceeds from an offering of $350 million 6% senior notes due 2025, according to a press release.

As of Sept. 8, there were about $78 million in borrowings under the revolving credit facility.

The company intends to use the remainder of the proceeds to repay borrowings under its term loan facility and repay related accrued interest.

Eldorado Resorts is a Reno, Nev.-based casino entertainment company.

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