Midwest Gaming plans $150 million super priority revolver

By Sara Rosenberg

New York, April 12 – Midwest Gaming plans on getting a new $150 million super priority revolver, according to a market source.

Bank of America, Wells Fargo Bank, Fifth Third Bank and US Bank are the bookrunners and joint lead arrangers on the revolver. Bank of America is the administrative agent.

The revolver has a 0% Libor floor.

Proceeds will be used to with $750 million of senior secured notes and cash on hand to repay existing term loan A and revolver borrowings, to fund the repayment of the holdco debt, and to pay fees and expenses.

MidWest Gaming is the developer and operator of Rivers Casino – Des Plaines, a casino in the Chicagoland market.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.