Eldorado Resorts plans offering on senior notes
Eldorado Resorts, Inc., owners of the Eldorado Resort Casino, Silver Legacy Resort Casino, and Circus Circus Hotel Casino in Reno, said in a press release it intends to offer an additional $500 million in aggregate principal amount of its 6 percent senior notes due 2025 at an issue price equal to 105.5 percent of the principal amount of the notes.
Eldorado will use the proceeds of the offering to repay all of the outstanding borrowings under its revolving credit facility, which borrowings were approximately $78 million as of Sept. 8, and will use the remainder to repay outstanding borrowings under its term loan facility and related accrued interest.
A copy of the preliminary prospectus filed by Eldorado may be obtained by contacting J.P. Morgan Securities LL by calling toll-free 866-803-9204. A copy of the filing can also be accessed on the Security & Exchange Commission website at http://www.sec.gov.
Christal Park Keegan’s professional experience includes working as an attorney for the National Judicial College in Reno and for the Chapman Law Firm in Northern Nevada.