155 East Tropicana (Hooters Casino) $125 million seven-year notes talked 8½%-8¾%, pricing Wednesday

By Paul A. Harris

St. Louis, March 22 - 155 East Tropicana LLC/Finance Corp.'s $125 million offering of seven-year senior secured notes (B3/B-) is talked at 8½% to 8¾%, according to an informed source.

Pricing is expected on Wednesday afternoon.

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

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

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

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