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Ontario Gaming starts roadshow for $400 million seven-year secured notes; pricing Thursday
By Paul A. Harris
Portland, Ore., July 17 – Ontario Gaming GTA LP started a roadshow on Monday for a $400 million offering of seven-year senior secured notes, according to market sources.
The deal, which is in the market with initial talk in the 8½% to 8¾% area, is expected to price on Thursday.
The Rule 144A and Regulation S notes come with two years of call protection.
Deutsche Bank is leading the deal.
The Toronto-based gaming, entertainment and hospitality company plans to use the proceeds plus an $800 million term loan to refinance its capital structure and for general corporate purposes.
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