Affinity Gaming talks $200 million eight-year notes with 9% area yield

By Paul A. Harris

Portland, Ore., May 3 - Affinity Gaming LLC talked its $200 million offering of eight-year senior notes (Caa1/B) with a yield in the 9% area, market sources said on Thursday.

The deal is set to price on Friday.

Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Jefferies & Co. and Macquarie Capital are the joint bookrunners.

The Rule 144A and Regulation S with registration rights notes come with four years of call protection.

Proceeds, along with proceeds from a $235 million credit facility, will be used to refinance debt obtained with the company's Chapter 11 proceedings.

Affinity Gaming is a Las Vegas-based gaming company.

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