Centaur Gaming gets $425 million first-lien credit facility

By Sara Rosenberg

New York, July 7 – Centaur Gaming closed on a $425 million first-lien credit facility (BB-) that consists of a $25 million revolver and a $400 million term loan A, according to a market source.

Pricing on the tranches is Libor plus 275 basis points with no Libor floor, the source said.

Wells Fargo Securities LLC, Fifth Third Bank, Capital One Bank and SunTrust Robinson Humphrey Inc. were the joint lead arrangers on the deal that was completed on June 27.

Proceeds were used to refinance an existing first-lien credit facility.

Centaur is the owner and operator of Hoosier Park Racing & Casino, a casino and racetrack located near Indianapolis.

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