Ameristar pays down on its revolver using $118 million operating cash

By Susanna Moon

Chicago, Aug. 8 - Ameristar Casinos, Inc. used $118 million of operating cash flow to repay debt under its revolving loan facility during the first half of the year, according to a 10-Q filing with the Securities and Exchange Commission.

The company reported $309 million outstanding under the revolver due April 14, 2016. The company obtained the $500 million revolver in April, and $368 million was drawn at closing.

As of June 30, there was $186.8 million available under the revolver, considering $4.2 million of outstanding letters of credit.

In July the company paid down another $35 million on the revolver.

Ameristar is a Las Vegas-based gaming and entertainment company.

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