Buena Vista Gaming to start roadshow Wednesday for $220 million notes

By Paul A. Harris

Portland, Ore., April 16 - Buena Vista Gaming Authority plans to start a roadshow on Wednesday for a $220 million offering of eight-year senior secured notes, according to an informed source.

The deal is expected to price during the April 22 week.

Credit Suisse Securities (USA) LLC and BofA Merrill Lynch are the joint bookrunners for the Rule 144A and Regulation S for life deal.

The notes become callable in four years at par plus 50% of the coupon. They feature an annual mandatory redemption offer of 50% of available funds starting at 103. The notes also feature a 101% poison put.

The Ione, Calif.-based tribal gaming firm plans to use the proceeds to fund construction of the Buenavue Casino.

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