Choctaw Resort Development to fund tender with new debt securities

By Paul A. Harris

St. Louis, Oct. 12 - Choctaw Resort Development Enterprise plans to offer new debt securities and obtain a new senior credit facility to help fund the tender for its 9¼% senior notes due 2009, the company said in a news release Friday.

Banc of America Securities LLC is the dealer manager for the tender, which expires on Oct. 28.

No further information on the debt securities was disclosed in the news release. The company did not return a telephone call from Prospect News.

The company is a Choctaw, Miss.-based tribal gaming, entertainment and lodging company.

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