Ameristar talks $150 million add-on to 9¼% notes due 2014 at par, pricing Thursday

By Paul A. Harris

St. Louis, May 20 - Ameristar Casinos, Inc. plans to price a $150 million add-on to its recent issue of 9¼% senior unsecured notes due June 1, 2014 (existing ratings B2/B+) at par on Thursday, according to a buy-side source.

It is possible all of the add-on notes will be placed before the deal is announced, the source remarked.

Banc of America Securities will run the books.

The Las Vegas-based gaming and entertainment company priced the original $500 million issue at 97.097 to yield 10% on May 12, just over a week ago.

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