Isle of Capri plans new credit facility

By Sara Rosenberg

New York, May 31 - Isle of Capri Casinos Inc. plans on getting a new senior secured credit facility, according to a company news release.

Proceeds will be used to refinance the company's existing senior secured credit facility and its outstanding 9% senior subordinated notes due 2012.

The company plans to complete the refinancing in the next several weeks, subject to market conditions.

Isle of Capri is a St. Louis-based developer, owner and operator of branded gaming facilities, and related lodging and entertainment facilities.

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