Majestic $145 million seven-year notes to launch Wednesday

By Paul A. Harris

St. Louis, Mo., Nov. 13 - Majestic Star Casinos chief financial officer Michael E. Kelly told Prospect News late Tuesday that Majestic Investor Holdings LLC's offering of $145 million senior secured notes due 2008 (B2/B) will launch Wednesday. The deal, via Jefferies & Co., was upsized from the previously announced amount of $140 million, and is expected to price during the week of Nov. 26, Kelly said.

Proceeds from the Rule 144A offering will fund Majestic's acquisition of casino properties in Tunica, Miss., Black Hawk, Colo., and Las Vegas.

Majestic is headquartered in Gary, Indiana.

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