Century Casinos to launch $170 million term loan B on Wednesday

By Sara Rosenberg

New York, Nov. 1 – Century Casinos Inc. is scheduled to hold a bank meeting on Wednesday to launch its proposed $170 million term loan B, according to a market source.

Macquarie Capital (USA) Inc. is the lead on the deal.

Proceeds will be used to fund the acquisition of the operations of Isle Casino Cape Girardeau, Lady Luck Caruthersville and Mountaineer Casino, Racetrack and Resort from Eldorado Resorts Inc. for about $107 million.

Closing is anticipated in early 2020, subject to antitrust approval and approvals of the Missouri Gaming Commission and the West Virginia Lottery as well as other customary conditions.

Century Casinos is a Colorado Springs, Colo.-based international casino entertainment company.

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