Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Eldorado Resorts, Inc. > News item |
Eldorado Resorts eyes midweek pricing for $375 million senior notes
By Paul A. Harris
Portland, Ore., March 13 – Eldorado Resorts Inc. is expected to price $375 million of eight-year senior notes on Wednesday, according to market sources.
J.P. Morgan Securities LLC, Macquarie Capital, Capital One, KeyBanc Capital Markets, SunTrust Robinson Humphrey and US Bancorp are the joint bookrunners for the Rule 144A and Regulation S offer.
The notes come with three years of call protection.
The Reno, Nev.-based casino entertainment company plans to use the proceeds to help fund its acquisition of Isle of Capri Casinos Inc., as well as to refinance the entire Isle of Capri credit facility, redeem or repurchase all of Isle of Capri’s outstanding 5 7/8% senior notes due 2021 and 8 7/8% senior subordinated notes due 2020, and to pay off Eldorado’s existing credit facility.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.