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Published on 5/31/2007 in the Prospect News High Yield Daily.

Isle of Capri Casinos to redeem 9% notes

By Susanna Moon

Chicago, May 31 - Isle of Capri Casinos, Inc. said it would refinance both its existing senior secured credit facility and its outstanding 9% senior subordinated notes due 2012.

The company will pay for the refinancing, to be completed in the next several weeks, with the proceeds of a new senior secured credit facility.

Isle of Capri, based in Biloxi, Miss., develops, owns and operates casinos.


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