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Silverton Casino postpones $215 million second-mortgage note offering
By Paul A. Harris
St. Louis, July 25 - Silverton Casino Hotel & Resort postponed its $215 million offering of eight-year second- mortgage notes (Caa1/B-) on Wednesday, according to market sources.
The notes were talked last Friday at 11¼% to 11½%.
Banc of America Securities LLC was the bookrunner.
Proceeds had been designated to fund the design, development, construction, equipping and opening of an expansion of the Silverton Casino Hotel & Resort.
The company has headquarters in Las Vegas.
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