Tropicana launches repricing of term loans

By Sara Rosenberg

New York, May 10 - Tropicana Entertainment LLC and LV Tropicana launched a repricing of their term loans, according to a market source.

Credit Suisse is the lead bank on the gaming company's deal.

Under the proposal, both term loans will be repriced to Libor plus 225 basis points from Libor plus 250 bps, with 101 soft call protection for one year, the source said.

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