MTR Gaming obtains consents to amend 11½% second-lien notes due 2019

By Susanna Moon

Chicago, Jan. 9 - MTR Gaming Group, Inc. said it obtained the needed consents for its $570,664,114 aggregate principal amount of outstanding 11½% senior secured second-lien notes due 2019.

Holders had delivered consents for $293,509,335 principal amount of the notes by the end of the solicitation at 5 p.m. ET on Jan. 8. The solicitation began Dec. 11.

As previously announced, the company solicited consents to amend the note indenture to permit the formation of a new holding company as a result of a plan of merger without a resulting change-of-control offer.

The merger agreement involves direct wholly owned subsidiary Eclair Holdings Co., Eclair subsidiaries Ridgeline Acquisition Corp. and Eclair Acquisition Co., LLC, Eldorado HoldCo LLC and Thomas Reeg, Robert Jones and Gary Carano as the representatives of the members of Eldorado.

The information and tabulation agent was MacKenzie Partners, Inc. (800 322-2885 or call collect 212 929-5550; scoope@mackenziepartners.com).

Macquarie Capital (USA) Inc. was the solicitation agent (310 557-4347).

MTR Gaming owns and operates casinos and racetracks. It is based in Chester, W.Va.

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