Majestic Star seeks $185 million bridge loan

By Sara Rosenberg

New York, Oct. 29 - Majestic Star Casino LLC is currently in market with a $185 million six-month bridge loan, according to syndicate document.

Credit Suisse is the lead arranger on the deal that launched with a bank meeting on Oct. 24.

The bridge loan is talked at Libor plus 600 basis points, with an original issue discount of 97, the document said.

Proceeds will be used for pre-construction costs.

Majestic Star is a Las Vegas-based owner and operator of casino hotels.

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