Mandalay says $145.6 million 6.7% debentures put back to company

New York, Dec. 3 - Mandalay Resort Group said holders of $145.6 million of its 6.7% debentures due 2096 exercised the put option on Nov. 17.

The Las Vegas casino operator repurchased the securities at par plus accrued interest.

Before the put, Mandalay had $150 million of the debentures outstanding.

The redemption was funded with credit facility borrowings.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.