155 East Tropicana (Hooters Casino) to start roadshow Tuesday for $125 million seven-year notes

By Paul A. Harris

St. Louis, March 14 - 155 East Tropicana LLC/Finance Corp. will start a roadshow Tuesday for its $125 million offering of seven-year senior secured notes (B-), according to an informed source.

Pricing is expected late in the week of March 21.

The notes will be non-callable for four years.

Jefferies & Co. has the books for the Rule 144A offering.

Proceeds will be used to repay debt and to fund the construction of Hooters Casino.

The prospective issuer is a Las Vegas gaming and lodging company.

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