TITLE

Ameristar Plans $500M HY Issue

AUTHOR(S)
Sheahan, Matthew
PUB. DATE
May 2009
SOURCE
High Yield Report;5/11/2009, Vol. 20 Issue 19, p28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the high yield bonds to be issued by Las Vegas, Nevada casino operator Ameristar Casinos in May 2009. According to the company, it plans to price 500 million U.S. dollars in senior unsecured notes due to 2014 and it plans to use the proceeds to repay and retire a part of its revolving loans outstanding under its credit facility. It said that it has also amended in March 2009 its credit facility covenants in exchange for a 9 million U.S. dollar payment to creditors that gave it more flexibility with its leverage ratio.
ACCESSION #
45124717

 

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