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Buffalo Thunder $245 million eight-year notes talked 9½%-9¾%, to price Friday
By Paul A. Harris
St. Louis, Dec. 7 - Buffalo Thunder Development Authority, a special purpose vehicle of the Pueblo tribe of Pojoaque, N.M., talked its $245 million offering of eight-year senior secured notes (B2/B) at 9½% to 9¾% on Thursday, according to an informed source.
The notes are expected to price on Friday.
Merrill Lynch & Co. is the bookrunner for the Rule 144A notes, which come with four years of call protection.
Proceeds will be used to fund the development, construction and opening of a casino and related facilities under the Hilton brand in Santa Fe.
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