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Prospect News home > News index > List of issuers E > Headlines for Empire Resorts, Inc. > News item |
S&P rates Empire Resorts notes B+
S&P said it rated Empire Resorts Inc.’s expected $300 million of five-year senior secured notes B+.
Empire plans to use the proceeds to refinance its bridge loans, which mature in less than 12 months, fund its debt service reserve account and boost liquidity.
The agency concurrently affirmed Empire’s B+ issuer rating.
The outlook is stable.
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