Old Evangeline Downs began roadshow on Monday for $110 million seven-year notes

By Paul A. Harris

St. Louis, Feb. 3 - The roadshow started Monday on The Old Evangeline Downs LLC's $110 million offering of senior secured notes due 2010 (B-), according to a source close to the deal.

The Rule 144A offering is coming to market via Jefferies & Co., the source added.

Proceeds will be used to help fund the construction and development of the company's planned pari-mutuel horse racetrack with slot machines and to refinance existing debt.

Lafayette, La.-based, firm is a wholly owned, unrestricted subsidiary of Peninsula Gaming Co.

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